Filing Details
- Accession Number:
- 0001209191-13-032513
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-06-17 17:45:38
- Reporting Period:
- 2013-06-14
- Filing Date:
- 2013-06-17
- Accepted Time:
- 2013-06-17 16:45:38
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 875159 | Xl Group Plc | XL | Fire, Marine & Casualty Insurance (6331) | 980665416 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1349188 | Elizabeth Sarah Street | 1540 Broadway 25Th Fl New York NY 10036 | Chief Investment Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2013-06-14 | 75,000 | $19.62 | 133,512 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2013-06-14 | 44,000 | $18.27 | 177,512 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2013-06-14 | 119,000 | $31.10 | 58,512 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Employee Stock Option (Right to buy) | Disposition | 2013-06-14 | 75,000 | $0.00 | 75,000 | $19.62 |
| Ordinary Shares | Employee Stock Option (Right to buy) | Disposition | 2013-06-14 | 44,000 | $0.00 | 44,000 | $18.27 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-01-17 | 2018-08-11 | No | 4 | M | Direct |
| 22,593 | 2011-02-28 | 2020-02-28 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.26, inclusive. The reporting person undertakes to provide to XL Group plc, any security holder of XL Group plc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- Represents performance options that vested after after meeting two conditions: (a) a three year cliff vesting provision; and (b) a price hurdle whereby the closing market price of XL's ordinary shares must equal or exceed $25.51 (130% of the award's grant date fair market value of $19.62) for 10 consecutive business days. The three year vesting provision was met in August 2011 and the price hurdle was met on January 17, 2013.
- Options vested and became exercisable in three equal annual installments on February 28, 2011, 2012, 2013, respectively.
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