PARTNERRE LTD 4

Accession 0001127602-16-047176

$PREJFCIK 0000911421operating

View on SEC.gov Company Profile

Filed

Mar 21, 8:00 PM ET

Accepted

Mar 22, 4:52 PM ET

Size

31.5 KB

Accession

0001127602-16-047176

Insider Transaction Report

Form 4

Period: 2016-03-18

PARTNERRE LTDPRE

Desmet Laurie

Chief Accounting Officer

Transactions

Award
Common Shares
2016-03-18+2,781→ 42,392 total
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$61.83/sh−10,000$618,300→ 0 total
Exercise: $75.67From: 2013-07-02Exp: 2022-07-02→ Common Shares (10,000 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$57.89/sh−10,200$590,478→ 0 total
Exercise: $79.61From: 2011-02-26Exp: 2020-02-26→ Common Shares (10,200 underlying)
Award
Common Shares
2016-03-18+2,315→ 39,611 total
Disposition to Issuer
Common Shares
2016-03-18$137.50/sh−42,392$5,828,900→ 0 total
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−7,500$555,450→ 0 total
Exercise: $63.44From: 2013-03-01Exp: 2022-02-28→ Common Shares (7,500 underlying)
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$66.80/sh−10,000$668,000→ 0 total
Exercise: $70.70Exp: 2018-08-06→ Common Shares (10,000 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$59.58/sh−12,000$714,960→ 0 total
Exercise: $77.92Exp: 2018-02-27→ Common Shares (12,000 underlying)
Disposition to Issuer
Stock Appreciation Rights
2016-03-18$66.15/sh−10,500$694,575→ 0 total
Exercise: $71.35Exp: 2017-02-23→ Common Shares (10,500 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]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 anniversary of the date of grant and are settled in shares. These SARs have all vested and are exercisable.
[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 $668,000 (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 $714,960 (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-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 $694,575 (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 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 $5,828,900 (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 $618,300 (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 $555,450 (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 $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.
[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 $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.

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, 4:52 PM ET
Size: 31.5 KB

View on SEC.gov