Athene Holding Ltd. — Director's Dealing 2016

Dec 9, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Athene Holding Ltd (ATH)
CIK: 0001527469
Period of Report: 2016-12-09

Reporting Person: Kvalheim Grant (See Remarks)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Shares	577162	Indirect
Class A Common Shares	37150	Indirect
Class A Common Shares	37150	Indirect
Class A Common Shares	37150	Indirect
Class A Common Shares	1462699	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class M-3 Common Shares	$13.46		Class A Common Shares (44000)		Direct
Class M-4 Prime Common Shares	$34.23		Class A Common Shares (440000)		Direct
Restricted Stock Units	$		Class A Common Shares (6260)		Direct
Employee Stock Option (right to buy)	$33.95	2026-06-06	Class A Common Shares (36450)		Direct

Footnotes

F1: Of these Class A common shares, 61,869 were originally issued pursuant to restricted share awards which vest one third on each of the first three anniversaries of the vesting start date and immediately upon a sale or change in control of the Issuer. 46,999 of such Class A common shares remain unvested as of the date of this report.

F2: These Class M-3 and Class M-4 Prime (collectively, "Class M") common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F3: These Class M-3 common shares vest on October 30, 2017. Once vested, the reporting person has 30 days during which he can elect to convert these Class M-3 common shares into Class A common shares. These Class M-3 common shares automatically convert into Class A common shares 30 days after vesting.

F4: One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the January 1, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire January 1, 2026.

F5: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018.

F6: This option vests ratably on each of the first three anniversaries of the January 1, 2016 vesting start date.