Global Indemnity Group, LLC — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Indemnity Ltd (GBLI)
CIK: 0001494904
Period of Report: 2020-03-13

Reporting Person: Gibbons Thomas P. (Executive Vice Presdient)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-13	CLASS A ORDINARY SHARES	A	2700	$29.63	Acquired	6750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-13	Restricted Share Unit	$0.00	A	2700	Acquired	2023-03-15	Class A Ordinary (2700)	Direct

Footnotes

F1: Represents restricted share units (RSUs) covering 2,700 A Ordinary shares of the issuer that vest ratably over three years on January 1, 2021, January 1, 2022, and January 1, 2023, subject to the reporting person remaining employed with the issuer through the applicable vesting date. Upon vesting the reporting person will receive A Ordinary Shares of the issuer.

F2: Represents RSUs covering 2,700 A Ordinary shares of the issuer that vest after a re-measurement of the 2019 combined ratio, three years after the grant, subject to the reporting person remaining employed with the issuer through the applicable vesting date. Vesting occurs if the re-measured combined ratio is not greater than the original 2019 combined ratio. Upon vesting, the reporting person will receive A Ordinary shares of the issuer.