Global Indemnity Group, LLC — Director's Dealing 2014

Jun 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Indemnity plc (GBLI)
CIK: 0001494904
Period of Report: 2014-06-12

Reporting Person: McGeehan Thomas (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-12	Class A Ordinary Shares	A	6916	$25.30	Acquired	32609	Direct

Footnotes

F1: Represents restricted A ordinary shares approved by a committee of Global Indemnity's board of directors, subject to (i) shareholder approval of the share incentive plan under which the shares were granted and (ii) the filing of an S-8 registration statement with respect to such plan. Shareholders approved the plan on June 11, 2014 and the S-8 was filed on June 12, 2014. The shares vest as follows: 50% of the shares vest pro ratably over three years on January 1, 2015, January 1, 2016 and January 1, 2017. 50% of the shares vest after a re-measurement of the 2013 GAAP accident year combined ratio, excluding corporate expenses, three years after the grant. The shares vest if the re-measured GAAP accident year combined ratio is not greater than the original 2013 GAAP accident year combined ratio.