PARTNERRE LTD 4

Accession 0001127602-16-047173

$PREJFCIK 0000911421operating

View on SEC.gov Company Profile

Filed

Mar 21, 8:00 PM ET

Accepted

Mar 22, 4:45 PM ET

Size

31.4 KB

Accession

0001127602-16-047173

Insider Transaction Report

Form 4

Period: 2016-03-18

PARTNERRE LTDPRE

Clarke Emmanuel

CEO, PartnerRe Global

Transactions

Disposition to Issuer
Stock Appreciation Rights
2016-03-18$75.60/sh−2,763$208,883→ 0 total
Exercise: $61.90Exp: 2019-02-27→ Common Shares (2,763 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$18.70/sh−16,204$303,015→ 0 total
Exercise: $118.80From: 2016-02-17Exp: 2025-02-17→ Common Shares (16,204 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$38.62/sh−19,468$751,854→ 0 total
Exercise: $98.88From: 2015-02-28Exp: 2024-02-28→ Common Shares (19,468 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)
Award
Common Shares
2016-03-18+2,315→ 59,581 total
Award
Common Shares
2016-03-18+2,781→ 62,362 total
Disposition to Issuer
Common Shares
2016-03-18$137.50/sh−62,362$8,574,775→ 0 total
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$57.89/sh−12,000$694,680→ 0 total
Exercise: $79.61Exp: 2020-02-26→ Common Shares (12,000 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$55.56/sh−19,194$1,066,419→ 0 total
Exercise: $81.94From: 2012-02-17Exp: 2021-02-17→ Common Shares (19,194 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$61.70/sh−12,500$771,250→ 0 total
Exercise: $75.80From: 2011-09-01Exp: 2020-09-01→ Common Shares (12,500 underlying)
Disposition to Issuer
Non-qualified Stock Option (Right to Buy)
2016-03-18$61.65/sh−12,000$739,800→ 0 total
Exercise: $75.85Exp: 2018-03-31→ Common Shares (12,000 underlying)

Footnotes (13)

[F1]Reflects performance adjustment to Performance Share Units granted on February 17, 2015. This award was previously reported on grant at target (4,630 shares) and settled at 150% (6,945 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 $694,680 (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]The Share-Settled Share Appreciation Rights (SARs) are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant and are settled in shares. These SARs have all vested and are exercisable.
[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 $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.
[F13]These Share Options, 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 $739,800 (less applicable tax withholding), representing the difference between the exercise price of the Share Option 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 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.
[F3]Disposed of pursuant to the merger agreement between the issuer and EXOR in exchange for a cash payment of $8,574,775 (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 $303,015 (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 $751,854 (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 $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.
[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 $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.
[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 $1,066,419 (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 $771,250 (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, 4:45 PM ET
Size: 31.4 KB

View on SEC.gov