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SiriusPoint Ltd — Director's Dealing 2021
Apr 16, 2021
31609_dirs_2021-04-16_ffc13851-04d7-4f1c-90b1-ea83dd110da0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SiriusPoint Ltd (SPNT)
CIK: 0001576018
Period of Report: 2021-04-14
Reporting Person: Govrin David E. (Global CUO Pres. Americas Re)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-14 | Common Shares | D | 41167 | — | Disposed | 168946 | Direct |
| 2021-04-14 | Common Shares | A | 19908 | — | Acquired | 188854 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-14 | Options (Right to Buy) | $10.36 | A | 40923 | Acquired | 2031-04-14 | Common Shares (40923.0) | Direct |
Footnotes
F1: Reflects a reduction in previously granted performance shares (at maximum) under the SiriusPoint Ltd. 2013 Omnibus Incentive Plan (the "Plan") upon adjudication of performance goal achievement of the two open performance cycles through December 31, 2020. The remaining shares will vest based on continued service through the original vesting dates.
F2: Includes restricted shares.
F3: Includes 19,908 restricted share units granted under the Plan that vest in equal annual installments over three years based on continued employment.
F4: Includes restricted shares. Also includes an additional 82,154 restricted shares granted under the Plan representing a "top-up" award equal to the difference between the adjudication of the outstanding two performance cycles referred to in Footnote 1 and the number of shares that would have vested at "target" levels of performance for such performance cycle.
F5: The options shall vest and become exercisable on the third anniversary of the grant date, subject to continued employment through each such vesting date. The options expire on the tenth anniversary of the grant date.
F6: Grant of options to purchase Common Shares under the Plan, exempt under Rule 16b-3 4.