Filing Details

Accession Number:
0001179110-15-003209
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-23 21:27:00
Reporting Period:
2015-02-19
Filing Date:
2015-02-23
Accepted Time:
2015-02-23 21:27:00
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
315293 Aon Plc AON Insurance Agents, Brokers & Service (6411) 363051915
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1322803 C Gregory Case Aon Corporation - Corporate Law Dept
200 East Randolph Street, 8Th Floor
Chicago IL 60601
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Ordinary Shares Acquisiton 2015-02-19 50,000 $22.86 909,512 No 4 M Direct
Class A Ordinary Shares Disposition 2015-02-19 29,089 $100.26 880,423 No 4 S Direct
Class A Ordinary Shares Acquisiton 2015-02-19 351,236 $0.00 1,231,659 No 4 M Direct
Class A Ordinary Shares Disposition 2015-02-19 160,499 $100.28 1,071,160 No 4 F Direct
Class A Ordinary Shares Acquisiton 2015-02-20 50,000 $22.86 1,121,160 No 4 M Direct
Class A Ordinary Shares Disposition 2015-02-20 29,158 $99.54 1,092,002 No 4 S Direct
Class A Ordinary Shares Acquisiton 2015-02-23 50,000 $22.86 1,142,002 No 4 M Direct
Class A Ordinary Shares Disposition 2015-02-23 29,074 $99.92 1,112,928 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Ordinary Shares Employee Stock Option (Right to Buy) Disposition 2015-02-19 50,000 $0.00 50,000 $22.86
Class A Ordinary Shares Employee Stock Option (Right to Buy) Disposition 2015-02-20 50,000 $0.00 50,000 $22.86
Class A Ordinary Shares Restricted Share Unit (Right to Receive) Acquisiton 2015-02-20 10,464 $0.00 10,464 $0.00
Class A Ordinary Shares Employee Stock Option (Right to Buy) Disposition 2015-02-23 50,000 $0.00 50,000 $22.86
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
800,000 2015-04-04 No 4 M Direct
750,000 2015-04-04 No 4 M Direct
10,464 2016-02-20 2018-02-20 No 4 M Direct
700,000 2015-04-04 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Ordinary Shares 176,000 Indirect By Trust
Footnotes
  1. The transactions reported were effected pursuant to a trading plan meeting the requirements of SEC Rule 10b5-1. The reporting person entered into the trading plan in August 2014 for the sole purpose of exercising options otherwise scheduled to expire in March and April 2015 with the sale of shares intended to be limited to only those necessary to cover exercise price and applicable taxes.
  2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $99.95 to $100.64, inclusive. The reporting person undertakes to provide to Aon plc, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. Represents Class A Ordinary Shares issued upon the settlement of performance share units originally granted approximately three years ago under the seventh cycle of the Leadership Performance Program ("LPP7") on March 16, 2012. The number of shares issued was determined by the Organization and Compensation Committee of Aon's Board of Directors on February 19, 2015 based upon Aon's performance relative to a cumulative adjusted three year earnings per share target for the period beginning January 1, 2012 and ending December 31, 2014. In accordance with the terms of LPP7, and the achievement of specified growth targets under LPP7, settlement occurred at 200% of the original target value. The terms of LPP7 are more fully described in a Current Report on Form 8-K filed with the SEC on March 21, 2012, and in the plan document filed as Exhibit 10.13 to Aon's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 filed with the SEC on May 8, 2012.
  4. Class A Ordinary Shares withheld by the issuer for the payment of withholding taxes in connection with the settlement of a performance share unit award.
  5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $99.24 to $99.835, inclusive. The reporting person undertakes to provide to Aon plc, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  6. Vesting occurred in accordance with the terms of the Aon Stock Incentive Plan as follows: one-third of the options vested on each of the second through fourth anniversaries of the date of grant.
  7. Stock option granted pursuant to the Aon Stock Incentive Plan.
  8. The restricted share unit award converts to Class A Ordinary Shares on a 1-for-1 basis. In accordance with U.K. law, the reporting person agreed to pay the issuer the nominal value of US$0.01 per share issued to the reporting person.
  9. The restricted share unit award vests in accordance with the terms of the Aon plc 2011 Incentive Compensation Plan as follows: 33 1/3% of the awards vest on each of the first through third anniversaries of the date of grant.