Lillelund Thomas 4
4 · ASPEN INSURANCE HOLDINGS LTD · Filed Mar 7, 2018
Insider Transaction Report
Form 4
Lillelund Thomas
CEO, Aspen Reinsurance
Transactions
- Award
Ordinary Shares
2018-03-05+934→ 17,446 total - Tax Payment
Ordinary Shares
2018-03-05$37.95/sh−214$8,121→ 17,232 total - Exercise/Conversion
Restricted Share Units (2015 Grant)
2018-03-05−934→ 0 total→ Ordinary Shares (934 underlying) - Exercise/Conversion
Phantom Shares (2015 Grant)
2018-03-05−1,212→ 0 total→ Phantom Shares (1,212 underlying)
Footnotes (6)
- [F1]Ordinary shares acquired upon mandatory conversion of previously granted Restricted Share Units.
- [F2]Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Restricted Share Units.
- [F3]Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- [F4]Represents 2015 Restricted Share Units granted on March 5, 2015 under our 2013 Share Incentive Plan, as amended. One-third of the 2015 Restricted Share Units vests annually on the anniversary of the grant date over a three-year period, in each case subject to the Reporting Person's continued service. Upon vesting of the 2015 Restricted Share Units, the Reporting Person shall be entitled to receive a number of Ordinary Shares equal to the number of Restricted Share Units then vesting.
- [F5]Each Phantom Share represents the right to receive the economic equivalent of one of the Issuer's Ordinary Shares.
- [F6]Represents 2015 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One-third of the 2015 Phantom Share award is tested annually over a three-year period. Subject to continued employment, all vested 2015 Phantom Shares will be settled in cash.