SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BRADLEY THOMAS A

(Last)

(First)

(Middle)

ALLIED WORLD ASSURANCE CO. HOLDINGS, AG

GUBELSTRASSE 24, PARK TOWER, 15TH FLOOR

(Street)

ZUG

6300

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Allied World Assurance Co Holdings, AG [ AWH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	02/18/2015		M		1,848	A	$0.00⁽¹⁾	6,451⁽²⁾⁽³⁾	D
Common Shares	02/18/2015		D		924	D	$40.4465⁽⁴⁾	5,527	D
Common Shares	02/18/2015		F		477⁽⁵⁾	D	$40.65	5,050	D
Common Shares	02/19/2015		M		1,656	A	$0.00⁽⁶⁾	6,706	D
Common Shares	02/19/2015		D		1,656	D	$40.5293⁽⁷⁾	5,050	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁸⁾	02/17/2015		A		6,420		⁽⁹⁾	⁽⁹⁾	Common Shares	6,420	⁽⁸⁾	18,792⁽²⁾⁽¹⁰⁾	D
Restricted Stock Units	⁽¹⁾	02/18/2015		M			1,848	⁽¹¹⁾	⁽¹¹⁾	Common Shares	1,848	⁽¹⁾	16,944⁽¹⁰⁾	D
Restricted Stock Units	⁽⁶⁾	02/19/2015		M			1,656	⁽¹²⁾	⁽¹²⁾	Common Shares	1,656	⁽⁶⁾	15,288⁽¹⁰⁾	D

Explanation of Responses:

1. On February 18, 2014, the reporting person was granted 7,404 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 3,702 common shares and (ii) cash equal to the market value of 3,702 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. These Restricted Stock Units were previously reported as a grant of 2,468 Restricted Stock Units converting into (i) 1,234 common shares and (ii) cash equal to the market value of 1,234 common shares. These amounts have been adjusted to reflect the issuer's 3-for-1 stock split paid on May 23, 2014.

2. Reflects the issuer's 3-for-1 stock split paid on May 23, 2014.

3. Includes 676 common shares acquired on June 30, 2014 pursuant to the Company's Amended and Restated 2008 Employee Share Purchase Plan.

4. The fair market value of the cash portion was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days up to and including February 18, 2015.

5. Exclusively represents shares withheld by the Company with respect to the payment of withholding tax liability incurred upon the vesting of Restricted Stock Units.

6. On February 19, 2013, the reporting person was granted 6,621 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into cash equal to the market value of 6,621 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. These Restricted Stock Units were previously reported as a grant of 2,207 Restricted Stock Units that convert into cash equal to the market value of the 2,207 common shares. The amount has been adjusted to reflect the issuer's 3-for-1 stock split paid on May 23, 2014.

7. The fair market value was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days up to and including February 19, 2015.

8. Grant of Restricted Stock Units for no monetary consideration. Restricted Stock Units convert into (i) 3,852 common shares and (ii) cash equal to the market value of 2,568 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.

9. The Restricted Stock Units vest in four equal installments with the first installment vesting on February 17, 2016.

10. Represents Restricted Stock Units held by the reporting person that vest in whole or in part in cash.

11. The Restricted Stock Units vest in four equal installments with the first installment vesting on February 18, 2015.

12. The Restricted Stock Units vest in four equal installments with the first installment vesting on February 19, 2014.

Remarks:

	/s/ Wayne H. Datz, by Power of Attorney	02/19/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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