Outtrim David 4
4 · PARTNERRE LTD · Filed Mar 5, 2013
Insider Transaction Report
Form 4
Outtrim David
Chief Accounting Officer
Transactions
- Award
Common Shares
2013-03-01+1,699→ 6,979 total - Award
Common Shares
2013-03-01+1,138→ 8,117 total
Footnotes (2)
- [F1]Restricted Share Units granted as a long-term incentive award will vest 100% on the 3rd anniversary of the date of Grant.
- [F2]Performance Share Units granted as a long-term incentive award will vest 100% on the third anniversary of the date of grant. Vesting of these shares is subject to the satisfactory achievement of both service and performance-based vesting conditions. The amount of 1,138 reported as granted represents the "target" equity award assuming target performance of 100%. The maximum equity award value is 150% of the "target" value which is equivalent to 1,707 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 569 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.