PARTNERRE LTD 4
4 · PARTNERRE LTD · Filed Feb 19, 2015
Insider Transaction Report
Form 4
Babcock William
Group Finance Director
Transactions
- Award
Common Shares
2015-02-17+4,051→ 36,323 total - Award
Common Shares
2015-02-17+4,051→ 40,374 total - Award
Stock Appreciation Rights
2015-02-17$118.80/sh+24,306$2,887,553→ 24,306 totalExercise: $118.80From: 2016-02-17Exp: 2025-02-17→ Common Shares (24,306 underlying)
Footnotes (3)
- [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 4,051 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 6,077 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 2,026 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.