PRIMUS GUARANTY LTD 4
4 · PRIMUS GUARANTY LTD · Filed Feb 17, 2005
Insider Transaction Report
Form 4
Snow Zachary
General Counsel
Transactions
- Award
Restricted Share Units
2005-02-15+10,560→ 10,560 total→ Common Shares, par value $.08 per share (10,560 underlying) - Award
Options to Purchase Common Shares
2004-10-05+18,750→ 18,750 totalExercise: $13.50Exp: 2014-10-05→ Common Shares, par value $.08 per share (18,750 underlying)
Footnotes (3)
- [F1]Not applicable.
- [F2]The restricted share units vest in three equal annual installments beginning on February 15, 2006. Upon their vesting, restricted share units convert to the right to receive shares.
- [F3]The options to purchase common shares vest in four equal annual installments beginning on October 5, 2005. The issuance of these options to purchase common shares was disclosed in the Issuer's Registration Statement on Form S-1 as filed under the Securities Act of 1933, but was inadvertently omitted in the Reporting Person's filings under the Securities Exchange Act of 1934.