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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 02/28/2014 | A | 13,570 | (13) | (13) | Ordinary Shares | 13,570 | (4) | 13,570 | D | ||||
Restricted Stock Units | (4) | 02/28/2014 | M | 3,569 | (14) | (14) | Ordinary Shares | 3,569 | (4) | 0 | D | ||||
Dividend Equivalent Rights | (6) | 02/28/2014 | M | 213 | (6) | (6) | Ordinary Shares | 213 | (6) | 0 | D | ||||
Restricted Stock Units | (4) | 02/28/2014 | M | 4,448 | (15) | (15) | Ordinary Shares | 4,448 | (4) | 4,448 | D | ||||
Dividend Equivalent Units | (6) | 02/28/2014 | M | 169 | (6) | (6) | Ordinary Shares | 169 | (6) | 169 | D | ||||
Restricted Stock Units | (4) | 02/28/2014 | M | 4,801 | (16) | (16) | Ordinary Shares | 4,801 | (4) | 9,602 | D | ||||
Dividend Equivalent Units | (6) | 02/28/2014 | M | 87 | (6) | (6) | Ordinary Shares | 87 | (6) | 176 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Robb Stephen 100 WASHINGTON BLVD STAMFORD, CT 06902 |
Corporate Controller |
Hannah Orowitz, Attorney in Fact for Stephen Robb | 03/04/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents settlement of long-term incentive award performance units for the 2011-2013 performance cycle. |
(2) | Shares disposed of represent withholding to satisfy tax obligations on vesting of long-term incentives for the 2011-2013 performance cycle. |
(3) | Shares acquired in relation to the 2011 restricted stock unit award vesting. |
(4) | Each restricted stock unit represents a contingent right to recieve one XL ordinary share. |
(5) | Shares acquired in relation to the 2011 dividend equivalent units award vesting. |
(6) | Settlement of dividend equivalent rights in connection with vesting of restricted stock units. The rights accrued as dividends were paid on XL ordinary shares and vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one XL ordinary share. |
(7) | Shares disposed of represent withholding to satisfy a tax obligation upon vesting of restricted stock units and associated dividend equivalent units. |
(8) | Shares acquired in relation to the 2012 restricted stock unit award vesting. |
(9) | Shares acquired in relation to the 2012 dividend equivalent units award vesting. |
(10) | Shares disposed of represent withholding to satisfy a tax obligation upon vesting of restricted stock units and associated dividend equivalent units. |
(11) | Shares acquired in relation to the 2013 restricted stock unit award vesting. |
(12) | Shares acquired in relation to the 2013 dividend equivalent unit award vesting. |
(13) | Restricted stock units granted on February 28, 2014 vest in three equal annual installments on each anniversary of the grant date (February 28, 2015, 2016 and 2017), provided the reporting person's employment continues through such vesting dates. |
(14) | Restricted stock units granted on February 28, 2011 vest in three equal annual installments on each anniversary of the grant date (February 28, 2012, 2013 and 2014), provided the reporting person's employment continues through such vesting dates. |
(15) | Restricted stock units granted on February 28, 2012 vested in three equal annual installments on each anniversary of the grant date (February 28, 2013, 2014 and 2015), provided the reporting person's employment continues through such vesting dates. |
(16) | Restricted stock units granted on February 28, 2013 will vest in three equal annual installments on each anniversary of the grant date (February 28, 2014, 2015 and 2016), provided the reporting person's employment continues through such vesting dates. |