0001209191-18-051072.txt : 20180914 0001209191-18-051072.hdr.sgml : 20180914 20180914161335 ACCESSION NUMBER: 0001209191-18-051072 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180912 FILED AS OF DATE: 20180914 DATE AS OF CHANGE: 20180914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LYLES KELLY JEAN CENTRAL INDEX KEY: 0001640696 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10804 FILM NUMBER: 181071284 MAIL ADDRESS: STREET 1: 63 HURON ROAD CITY: LONDON STATE: X0 ZIP: SW178RG ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: XL GROUP LTD CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 980665416 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: O'HARA HOUSE STREET 2: ONE BERMUDIANA ROAD CITY: HAMILTON STATE: D0 ZIP: HM08 BUSINESS PHONE: 353-1-400-5500 MAIL ADDRESS: STREET 1: O'HARA HOUSE STREET 2: ONE BERMUDIANA ROAD CITY: HAMILTON STATE: D0 ZIP: HM08 FORMER COMPANY: FORMER CONFORMED NAME: XL GROUP PLC DATE OF NAME CHANGE: 20100701 FORMER COMPANY: FORMER CONFORMED NAME: XL CAPITAL LTD DATE OF NAME CHANGE: 19990302 FORMER COMPANY: FORMER CONFORMED NAME: EXEL LTD DATE OF NAME CHANGE: 19950720 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-09-12 1 0000875159 XL GROUP LTD XL 0001640696 LYLES KELLY JEAN XL SERVICES UK LIMITED 70 GRACECHURCH STREET LONDON X0 EC3V 0XL UNITED KINGDOM 0 1 0 0 CE, Client & Country Mgmt. Common Shares 2018-09-12 4 D 0 22698 57.60 D 0 D Employee Stock Option (Right to buy) 34.64 2018-09-12 4 D 0 83473 57.60 D 2019-02-28 2026-02-28 Common Shares 83473 0 D Employee Stock Option (Right to buy) 40.49 2018-09-12 4 D 0 37092 57.60 D 2020-02-28 2027-02-28 Common Shares 37092 0 D Employee Stock Option (Right to buy) 42.31 2018-09-12 4 D 0 19343 57.60 D 2021-02-28 2028-02-28 Common Shares 19343 0 D Restricted Stock Units 2018-09-12 4 D 0 3322 57.60 D Common Shares 3322 0 D Dividend Equivalent Rights 2018-09-12 4 D 0 516.31 57.60 D Common Shares 516.31 0 D Restricted Stock Units 2018-09-12 4 D 0 4116 57.60 D Common Shares 4116 0 D Dividend Equivalent Rights 2018-09-12 4 D 0 125.93 57.60 D Common Shares 125.93 0 D Restricted Stock Units 2018-09-12 4 D 0 4728 D Common Shares 4728 0 D Dividend Equivalent Rights 2018-09-12 4 D 0 37.45 D Common Shares 37.45 0 D Disposed of following the completion of the merger (the "Merger") described in the Agreement and Plan of Merger, dated as of March 5, 2018, by and among AXA SA, Camelot Holdings Ltd. and the Issuer. At the effective time of the Merger, each issued and outstanding common share of XL Group Ltd was automatically cancelled and converted into the right to receive $57.60 in cash (the "Merger Consideration"). Includes all common shares held directly by the Reporting Person immediately prior to the Merger and which were automatically cancelled and converted into the right to receive the Merger Consideration. At the effective time of the Merger, each option to purchase common shares granted by XL Group Ltd outstanding and unexercised immediately prior to the effective time of the Merger (whether or not vested or exercisable) vested in full, was cancelled and was converted into the right to receive an amount in cash equal to the excess, if any, of the Merger Consideration over the per share exercise price of such option, multiplied by the number of common shares subject to such option immediately prior to the effective time of the Merger. Each restricted stock unit represents a contingent right to receive one common share. At the effective time of the Merger, each restricted stock unit granted by XL Group Ltd outstanding immediately prior to the effective time of the Merger (whether or not vested) vested in full, was automatically cancelled and converted into the right to receive the Merger Consideration. At the time of grant, restricted stock units granted on September 9, 2014 were scheduled to vest in four annual installments on each anniversary of February 28, 2016, 2017, 2018 and 2019. The dividend equivalent rights accrued when and as dividends were paid on common shares. Each dividend equivalent right is the economic equivalent of one common share. At the effective time of the Merger, each dividend equivalent right accrued and outstanding prior to the effective time of the Merger (whether or not vested) vested in full, was automatically cancelled and converted into the right to receive the Merger Consideration. At the time of grant, restricted stock units granted on February 28, 2017 were scheduled to vest in three equal annual installments on each anniversary of the grant date (February 28, 2018, 2019 and 2020). In accordance with the Merger Agreement, the Reporting Person elected that at the effective time of the Merger these restricted share units be canceled and converted into a deferred cash award in an amount equal to $72.00 for each such restricted share unit. The deferred cash award would pay 50% in cash on each of the 15 month and 30 month anniversaries of the effective time of the Merger. At the time of grant, restricted stock units granted on February 28, 2018 were scheduled to vest in three equal annual installments on each anniversary of the grant date (February 28, 2019, 2020 and 2021). In accordance with the Merger Agreement, the Reporting Person elected that at the effective time of the Merger these dividend equivalent rights be canceled and converted into a deferred cash award in an amount equal to $72.00 for each such dividend equivalent right. The deferred cash award would pay 50% in cash on each of the 15 month and 30 month anniversaries of the effective time of the Merger. H. Matthew Crusey, Attorney-in-Fact for Kelly J. Lyles 2018-09-14