PARTNERRE LTD 4
4 · PARTNERRE LTD · Filed Feb 19, 2015
Insider Transaction Report
Form 4
Outtrim David
Chief Accounting Officer
Transactions
- Award
Common Shares
2015-02-17+1,108→ 8,916 total - Award
Common Shares
2015-02-17+940→ 9,856 total
Footnotes (2)
- [F1]Restricted Share Units granted as a long-term incentive award will vest 100% on the third 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 940 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 1,410 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 470 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.