Hearn Stephen Patrick 4
4 · WILLIS GROUP HOLDINGS PLC · Filed Mar 1, 2012
Insider Transaction Report
Form 4
Hearn Stephen Patrick
Chrmn & CEO Willis Global
Transactions
- Award
Ordinary Shares, nominal value $0.000115 per share
2012-03-01+6,500→ 11,200 total - Award
Option
2012-02-28+16,234→ 16,234 totalExercise: $41.51Exp: 2019-05-02→ Ordinary Shares, nominal value $0.000115 per share (16,234 underlying)
Footnotes (4)
- [F1]Comprised of 6,500 restricted share units ("RSUs"), which represent the right to recieve ordinary shares, par value $0.000115 per share, of Willis Group Holdings Public Limited Company (the "Company") subject to a three-year vesting schedule. The RSUs shall vest as follows: 33% on March 1, 2013, 33% on March 1, 2014 and 34% on March 1, 2015.
- [F2]Includes an aggregate of 9,900 RSUs subject to the satisfaction of vesting requirements.
- [F3]On May 2, 2011, the reporting person was granted 17,722 options to purchase ordinary shares, par value $0.000115 per share, of the Company, which would be subject to the Company achieving certain performance criteria for the fiscal year ending December 31, 2011. Based on the Company's performance, the above number of options were earned and shall vest 50% on each of the third and fourth anniversaries of the grant date.
- [F4]The option becomes exercisable as to 8,117 shares on each of the third and fourth anniversaries of the grant date.