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AXIS CAPITAL HOLDINGS LTD — Director's Dealing 2011
Oct 20, 2011
30782_dirs_2011-10-20_0840eb98-3c27-4fde-9125-ca1d03d85d5d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AXIS CAPITAL HOLDINGS LTD (AXS)
CIK: 0001214816
Period of Report: 2011-10-18
Reporting Person: CHARMAN JOHN (Director, CEO, President & Deputy Chair)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-10-18 | Common Shares | M | 1293855 | $10.36 | Acquired | 3098763 | Indirect |
| 2011-10-18 | Common Shares | F | 513183 | $26.12 | Disposed | 2585580 | Indirect |
| 2011-10-18 | Common Shares | M | 431282 | $10.36 | Acquired | 842586 | Indirect |
| 2011-10-18 | Common Shares | F | 171060 | $26.12 | Disposed | 671526 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-18 | Warrants | $10.36 | M | 1293855 | Disposed | 2011-11-20 | Common Stock (1293855) | Indirect |
| 2011-10-18 | Warrants | $10.36 | M | 431282 | Disposed | 2011-11-20 | Common Stock (431282) | Indirect |
Footnotes
F1: On October 18, 2011, Dragon Holdings Trust exercised a warrant to purchase 1,293,855 shares of Common Stock of AXS for $10.36 per share. Dragon Holdings Trust paid the exercise price on a cashless basis, resulting in AXS' withholding of 513,183 of the warrant shares to satisfy the exercise price and issuing to Dragon Holdings Trust the remaining 780,672 shares of Common Stock of AXS.
F2: On October 18, 2011, N.I.M.I.C. International Ltd. exercised a warrant to purchase 431,282 shares of Common Stock of AXS for $10.36 per share. N.I.M.I.C. International Ltd. paid the exercise price on a cashless basis, resulting in AXS' withholding of 171,060 of the warrant shares to satisfy the exercise price and issuing to N.I.M.I.C. International Ltd. the remaining 260,222 shares of Common Stock of AXS.
F3: Mr. Charman disclaims beneficial ownership of the common shares held by the Dragon Holdings Trust.
F4: Mr. Charman disclaims beneficial ownership of the common shares held by N.I.M.I.C. International Ltd.
F5: Mr. Charman disclaims beneficial ownership of the common shares issuable upon exercise of the warrants held by the Dragon Holdings Trust.
F6: Mr. Charman disclaims beneficial ownership of the common shares issuable upon exercise of the warrants held by N.I.M.I.C. International Ltd.