4//SEC Filing
Aman Timothy Paul 4
Accession 0001520674-19-000004
CIK 0001267395other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 5:25 PM ET
Size
14.9 KB
Accession
0001520674-19-000004
Insider Transaction Report
Form 4
Aman Timothy Paul
Group Chief Risk Officer
Transactions
- Disposition to Issuer
Ordinary Shares
2019-02-15$42.75/sh−1,890$80,798→ 0 total - Disposition to Issuer
Restricted Share Units (2018 Grant)
2019-02-15−2,333→ 0 total→ Ordinary Shares (2,333 underlying) - Disposition to Issuer
Restricted Share Units (2017 Grant)
2019-02-15−1,200→ 0 total→ Ordinary Shares (1,200 underlying)
Footnotes (7)
- [F1]This Form 4 is being filed as a result of the closing on February 15, 2019 of the merger (the "Merger") as described in the Agreement and Plan of Merger, dated as of August 27, 2018 (the "Merger Agreement") among Aspen Insurance Holdings Limited (the "Issuer"), Highlands Holdings, Ltd., and Highlands Merger Sub, Ltd.
- [F2]At the effective time of the Merger, each outstanding ordinary share of the Issuer was converted into a right to receive a cash payment of $42.75 without any interest and less any applicable withholding tax.
- [F3]Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- [F4]At the time of grant on February 10, 2017, the 2017 Restricted Share Units were scheduled to vest annually in increments of one third on the anniversary of the grant date over a three-year period, in each case subject to the Reporting Person's continued service, unless terminated without cause or by the Reporting Person for good reason.
- [F5]At the effective time of the Merger, each 2017 Restricted Share Unit that was outstanding immediately prior to the effective time of the Merger was cancelled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (x) the sum of (1) $42.75 and (2) any per share accrued dividend equivalents times (y) the number of ordinary shares subject to such 2017 Restricted Share Unit award, which had not previously been settled.
- [F6]At the time of grant on February 9, 2018, the 2018 Restricted Share Units were scheduled to vest annually in increments of one third on the anniversary of the grant date over a three-year period, in each case subject to the Reporting Person's continued service, unless terminated without cause or by the Reporting Person for good reason.
- [F7]At the effective time of the Merger, each 2018 Restricted Share Unit that was outstanding immediately prior to the effective time of the Merger was cancelled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (x) the sum of (1) $42.75 and (2) any per share accrued dividend equivalents times (y) the number of ordinary shares subject to such 2018 Restricted Share Unit award, which had not previously been settled.
Issuer
ASPEN INSURANCE HOLDINGS LTD
CIK 0001267395
Entity typeother
Related Parties
1- filerCIK 0001520674
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 5:25 PM ET
- Size
- 14.9 KB