Statement of Changes in Beneficial Ownership (4)
March 22 2023 - 4:56PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Thaper Seema |
2. Issuer Name and Ticker or Trading Symbol
Enstar Group LTD
[
ESGR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Risk Officer |
(Last)
(First)
(Middle)
C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/20/2023 |
(Street)
HAMILTON, D0 HM 11 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
☐
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Ordinary Shares | 3/20/2023 | | A | | 480 (1) | A | $0 | 1738 (2) | D | |
Ordinary Shares | 3/20/2023 | | A | | 2244 (3) | A | $0 | 3982 (4) | D | |
Ordinary Shares | 3/20/2023 | | F | | 150 | D | $222.80 | 3832 (4) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Represents a grant pursuant to the Enstar Group Limited Amended and Restated 2016 Equity Incentive Plan (the "Equity Incentive Plan") of Restricted Share Units ("RSUs") that vest in three equal annual installments beginning on the first anniversary of the grant date. The RSUs are payable in ordinary shares upon vesting and each RSU is the economic equivalent of one ordinary share. |
(2) | Includes 212 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023; 286 RSUs that vest in two equal annual installments beginning on March 20, 2024; and 480 RSUs that vest in three equal annual installments beginning on March 20, 2024. |
(3) | Represents a grant pursuant to the Equity Incentive Plan of RSUs that vest in their entirety on March 20, 2026. The RSUs are payable in ordinary shares upon vesting and each RSU is the economic equivalent of one ordinary share. |
(4) | Includes 212 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023; 286 RSUs that vest in two equal annual installments beginning on March 20, 2024; 480 RSUs that vest in three equal annual installments beginning on March 20, 2024; and 2,244 RSUs that vest on March 20, 2026. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Thaper Seema C/O 22 QUEEN STREET WINDSOR PLACE, 3RD FLOOR HAMILTON, D0 HM 11 |
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| Chief Risk Officer |
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Signatures
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/s/ Audrey B. Taranto by power of attorney | | 3/22/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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