FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Robb Stephen 		2. Issuer Name and Ticker or Trading Symbol

XL GROUP LTD [ XL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Corporate Controller
(Last)          (First)          (Middle)

100 WASHINGTON BLVD 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/28/2017
(Street)

STAMFORD, CT 06902
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
XL Common Shares   2/28/2017     A    2488   (1) A $0.00   55970   D    
XL Common Shares   2/28/2017     F    855   (2) D $40.49   55115   D    
XL Common Shares   2/28/2017     M    4524   (3) A $0.00   (4) 59639   D    
XL Common Shares   2/28/2017     M    286   (5) A $0.00   (6) 59925   D    
XL Common Shares   2/28/2017     F    1707   (7) D $40.49   58218   D    
XL Common Shares   2/28/2017     M    3799   (8) A $0.00   (4) 62017   D    
XL Common Shares   2/28/2017     M    162   (9) A $0.00   (6) 62179   D    
XL Common Shares   2/28/2017     F    1361   (7) D $40.49   60818   D    
XL Common Shares   2/28/2017     M    3969   (10) A $0.00   (4) 64787   D    
XL Common Shares   2/28/2017     M    90   (11) A $0.00   (4) 64877   D    
XL Common Shares   2/28/2017     F    1394   (7) D $40.49   63483   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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
Employee Stock Option (Right to buy)   $40.49   2/28/2017     A      55638         (12) 2/28/2027   Common Shares   55638   $0.00   55638   D    
Restricted Stock Units     (4) 2/28/2017     A      9262         (13)   (13) Common Shares   9262   $0.00   (4) 9262   D    
Restricted Stock Units     (4) 2/28/2017     M         4524      (14)   (14) Common Shares   4524     (4) 0   D    
Dividend Equivalent Rights     (6) 2/28/2017     M         286      (6)   (6) Common Shares   286     (6) 0   D    
Restricted Stock Units     (4) 2/28/2017     M         3799      (15)   (15) Common Shares   3799     (4) 3799   D    
Dividend Equivalent Units     (6) 2/28/2017     M         162      (6)   (6) Common Shares   162     (6) 163.32   D    
Restricted Stock Units     (4) 2/28/2017     M         3969      (16)   (16) Common Shares   3969     (4) 7940   D    
Dividend Equivalent Units     (6) 2/28/2017     M         90      (6)   (6) Common Shares   90     (6) 180.19   D    

Explanation of Responses:
( 1)  Represents settlement of long-term incentive awards for the 2014-2016 performance cycle.
( 2)  Shares disposed of represent withholding to satisfy tax obligations on vesting of long-term incentives for the 2014-2016 performance cycle.
( 3)  Shares acquired in relation to the 2014 restricted stock unit award vesting.
( 4)  Each restricted stock unit represents a contingent right to receive one XL common share.
( 5)  Shares acquired in relation to the 2014 dividend equivalent unit award vesting.
( 6)  Settlement of dividend equivalent rights in connection with vesting of restricted stock units. The rights accrued as dividends were paid on XL common shares and vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one XL common share.
( 7)  Shares disposed of represent withholding to satisfy a tax obligation upon vesting of restricted stock units and associated dividend equivalent units.
( 8)  Shares acquired in relation to the 2015 restricted stock unit award vesting.
( 9)  Shares acquired in relation to the 2015 dividend equivalent unit award vesting.
( 10)  Shares acquired in relation to the 2016 restricted stock unit award vesting.
( 11)  Shares acquired in relation to the 2016 dividend equivalent unit awards vesting.
( 12)  Exercisable in three equal installments commencing on the first anniversary of the grant.
( 13)  Restricted stock units granted on February 28, 2017 vest in three equal annual installments on each anniversary of the grant date (February 28, 2018, 2019 and 2020), provided the reporting person's employment continues through such vesting dates.
( 14)  Restricted stock units granted on February 28, 2014 vested in three equal annual installments on each anniversary of the grant date (February 28, 2015, 2016 and 2017), provided the reporting person's employment continues through such vesting dates.
( 15)  Restricted stock units granted on February 28, 2015 vest in three equal annual installments on each anniversary of the grant date (February 28, 2016, 2017 and 2018), provided the reporting person's employment continues through such vesting dates.
( 16)  Restricted stock units granted on February 28, 2016 vested in three equal annual installments on each anniversary of the grant date (February 28, 2017, 2018 and 2019), provided the reporting person's employment continues through such vesting dates.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Robb Stephen
100 WASHINGTON BLVD
STAMFORD, CT 06902

Corporate Controller

Signatures
Hannah Orowitz, Attorney-in-Fact for Stephen Robb 3/2/2017
** 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.
XL Fleet (NYSE:XL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more XL Fleet Charts.
XL Fleet (NYSE:XL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more XL Fleet Charts.