PARTNERRE LTD 4

Accession 0001127602-16-047135

$PREJFCIK 0000911421operating

View on SEC.gov Company Profile

Filed

Mar 21, 8:00 PM ET

Accepted

Mar 22, 3:35 PM ET

Size

31.2 KB

Accession

0001127602-16-047135

Insider Transaction Report

Form 4

Period: 2016-03-18

PARTNERRE LTDPRE

Babcock William

Group Finance Director

Transactions

Award
Common Shares
2016-03-18+2,781→ 37,382 total
Award
Common Shares
2016-03-18+2,026→ 39,408 total
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$68.00/sh−9,375$637,500→ 0 total
Exercise: $69.50From: 2009-08-04Exp: 2018-08-04→ Common Shares (9,375 underlying)
Disposition to Issuer
Common Shares
2016-03-18$137.50/sh−39,408$5,418,600→ 0 total
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$75.60/sh−2,763$208,883→ 0 total
Exercise: $61.90From: 2010-02-27Exp: 2019-02-27→ Common Shares (2,763 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$57.89/sh−10,200$590,478→ 0 total
Exercise: $79.61From: 2011-02-26Exp: 2020-02-26→ Common Shares (10,200 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$57.05/sh−12,500$713,125→ 0 total
Exercise: $80.45From: 2011-10-01Exp: 2020-10-01→ Common Shares (12,500 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$55.56/sh−14,395$799,786→ 0 total
Exercise: $81.94From: 2012-02-17Exp: 2021-02-17→ Common Shares (14,395 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$74.06/sh−28,500$2,110,710→ 0 total
Exercise: $63.44From: 2013-03-01Exp: 2022-02-28→ Common Shares (28,500 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$48.30/sh−19,619$947,598→ 0 total
Exercise: $89.20From: 2014-03-01Exp: 2023-03-01→ Common Shares (19,619 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$38.62/sh−29,202$1,127,781→ 0 total
Exercise: $98.88From: 2015-02-28Exp: 2024-02-28→ Common Shares (29,202 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$18.70/sh−24,306$454,522→ 0 total
Exercise: $118.80From: 2016-02-17Exp: 2025-02-17→ Common Shares (24,306 underlying)

Footnotes (12)

[F1]Reflects performance adjustment to Performance Share Units granted on February 28, 2014. This award was previously reported on grant at target (5,562 shares) and settled at 150% (8,343 shares) on March 18, 2016.
[F10]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $947,598 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F11]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $1,127,781 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F12]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $454,522 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F2]Reflects performance adjustment to Performance Share Units granted on February 17, 2015. This award was previously reported on grant at target (4,051 shares) and settled at 150% (6,077 shares) on March 18, 2016.
[F3]Disposed of pursuant to the merger agreement between the issuer and EXOR in exchange for a cash payment of $5,418,600 (less applicable tax withholding) on the effective date of the merger and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F4]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $637,500 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F5]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $208,883 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F6]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $590,478 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F7]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $713,125 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F8]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $799,786 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
[F9]These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $2,110,710 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

PARTNERRE LTD

CIK 0000911421

→

Entity typeoperating

Related Parties

filerCIK 0000911421

Filing Metadata

Form type: 4
Filed: Mar 21, 8:00 PM ET
Accepted: Mar 22, 3:35 PM ET
Size: 31.2 KB

View on SEC.gov