PXRE GROUP LTD 5
5 · PXRE GROUP LTD · Filed Feb 11, 2005
Insider Transaction Report
Form 5
Transactions
- Sale
Common Shares
2004-11-23$23.75/sh−356,379$8,464,001→ 0 total - Conversion
Common Shares
2004-11-23+356,379→ 0 total - Conversion
Class A Preferred Shares
2004-11-23$23.75/sh−474.807$11,277→ 8,613.268 total(indirect: _)Exercise: $13.48Exp: 2005-04-04→ Common Shares (356,379 underlying)
Footnotes (2)
- [F1]Reporting Person converted 474.807 Class A Preferred Shares into 356,379 Common Shares and sold such common shares for $23.75 per share on November 23, 2004. Reporting Person may be deemed a group with Capital Z Partners L.P., Capital Z Partners Ltd., Capital Z Management LLC and Capital Z Financial Services Private Fund II, L.P. but Reporting Person disclaims the existence of such group and disclaims beneficial ownership of any shares held by such persons.
- [F2]Immediately.