4//SEC Filing
Bilsby Peter Anthony 4
Accession 0001562180-18-003371
CIK 0001348259other
Filed
Jul 19, 8:00 PM ET
Accepted
Jul 20, 11:03 AM ET
Size
6.2 KB
Accession
0001562180-18-003371
Insider Transaction Report
Form 4
Bilsby Peter Anthony
CEO, Talbot Underwriting Ltd.
Transactions
- Disposition to Issuer
Common Stock
2018-07-18−41,116→ 0 total
Footnotes (2)
- [F1]On July 18, 2018, pursuant to that certain Agreement and Plan of Merger, dated as of January 21, 2018 (the Merger Agreement), by and among American International Group, Inc. (Parent), Venus Holdings Limited, a wholly owned subsidiary of Parent (Merger Sub), and Validus Holdings, Ltd. (the Company), Merger Sub merged with and into the Company, with the Company continuing as the surviving entity, which became a wholly owned subsidiary of Parent (the Merger). Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding common share, par value $0.175, of the Company was canceled and converted into the right to receive $68.00 in cash.
- [F2]Includes all shares held by Mr. Bilsby immediately prior to the Merger, including previously granted restricted share awards. At the effective time of the Merger, a pro rata portion (based on the amount of the applicable vesting period that has elapsed) of each unvested restricted share award held by Mr. Bilsby became fully vested and was canceled and converted into the right to receive $68.00 in cash plus any accrued but unpaid dividends in respect of such restricted share award, less any required withholding taxes. The remaining portion of each such restricted share award was assumed by Parent and converted into a number of restricted shares of Parent common stock equal to the product of (i) the number of common shares represented by the remaining portion of each such restricted share award and (ii) the equity award exchange ratio set forth in the Merger Agreement.
Documents
Issuer
VALIDUS HOLDINGS LTD
CIK 0001348259
Entity typeother
Related Parties
1- filerCIK 0001668952
Filing Metadata
- Form type
- 4
- Filed
- Jul 19, 8:00 PM ET
- Accepted
- Jul 20, 11:03 AM ET
- Size
- 6.2 KB