4//SEC Filing
PARTNERRE LTD 4
Accession 0001127602-14-009828
$PREJFCIK 0000911421operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 1:44 PM ET
Size
9.1 KB
Accession
0001127602-14-009828
Insider Transaction Report
Form 4
Pestcoe Marvin
CEO, Capital Markets Group
Transactions
- Award
Common Shares
2014-02-28+5,562→ 44,651 total - Award
Stock Appreciation Rights
2014-02-28$98.88/sh+19,468$1,924,996→ 19,468 totalExercise: $98.88From: 2015-02-28Exp: 2024-02-28→ Common Shares (19,468 underlying) - Award
Common Shares
2014-02-28+5,562→ 39,089 total
Footnotes (3)
- [F1]Restricted Share Units granted as a long-term incentive award will vest 100% on the 3rd anniversary of the 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 5,562 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 8,343 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 2,781 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.
- [F3]Share-Settled Share Appreciation Rights (SARs) will vest 33% on the first and second anniversary of the date of grant and 34% on the third anniversary of the date of grant and will be settled in shares.
Documents
Issuer
PARTNERRE LTD
CIK 0000911421
Entity typeoperating
Related Parties
1- filerCIK 0000911421
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 1:44 PM ET
- Size
- 9.1 KB