4 1 edgar.txt FORM 4 - 03-10-2003 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Michael P. Esposito, Jr. 435 L'Ambiance Drive Suite 706 FL, Longboat Key 34228 2. Issuer Name and Ticker or Trading Symbol XL Capital Ltd (XL) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Day/Year 3/10/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security|2. |2A. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | |Trans-|Exec- |Trans | or Disposed of (D) | Securities |ect | Beneficial Ownership | |action|ution |action| | Beneficially |(D)or | | | | | | | | A/| | Owned Following |Indir | | |Date | Date |Code|V| Amount | D | Price | Reported Trans(s)|ect(I)| | ___________________________________________________________________________________________________________________________________| Class A Common Share|4/7/ 2| |A | |10000 |A | |150117.968 |D | | s |003 | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Share| | | | | | | |5000 |I |Esposito Co. | s | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Share| | | | | | | |606 |I |Fairmount Partners | s | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Share| | | | | | | |3500 |I |MA & M Esposito Co | s | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Share| | | | | | | |5000 |I |Red Tower Securities | s | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________| Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of |2.Con- |3. |3A. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Derivative |version |Trans- |Deemed|Trans-| rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | Security |or Exer |action | |action| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | |Execu-| | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| |ution | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | | |Date |Expir| | |ficially |Ind| | |tive | | | | | A/|Exer-|ation| Title and Number | |Owned Follow|ire| | |Secu- |(Month/|(Month| | | | D |cisa-|Date | of Shares | |ing Reported|ct | | |rity |Day/ |/Day/ |Code|V| Amount | |ble | | | |Trans- |(I)| | | |Year) |Year) | | | | | | | | |action(s) | | | ___________________________________________________________________________________________________________________________________| Employee Stoc|$68.62 |3/7/ 20| |A | |80000 |A |3/9/2|3/7/2|Class A Comm|80000 |$68.62 | |D | | k Option (Rig| |03 | | | | | |004 1|013 |on Shares | | | | | | ht to buy) | | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee Stoc|$68.62 |3/7/ 20| |G |V|15000 |D |3/7/2|3/7/2|Class A Comm|15000 | |65000 |D | | k Option (Rig| |03 | | | | | |004 |013 |on Shares | | | | | | ht to buy) | | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: 1. exercisable in four annual installments commencing on first anniversary of the grant SIGNATURE OF REPORTING PERSON Michael P. Esposito, Jr. Sarah Fox as attorney-in-fact for Michael P. Esposito, Jr.