4//SEC Filing
PRESTIA GARY 4
Accession 0001140361-09-000399
CIK 0001347815other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:49 PM ET
Size
7.1 KB
Accession
0001140361-09-000399
Insider Transaction Report
Form 4
PRESTIA GARY
CUO - North America
Transactions
- Award
Performance Share Units
2009-01-01+75,000→ 263,390 totalExercise: $0.00From: 2012-01-01Exp: 2012-04-01→ Common Shares (75,000 underlying)
Footnotes (4)
- [F1]Vesting of Performance Share Units ("PSUs") is contingent upon the reporting person's continued employment with Flagstone Reinsurance Holdings Limited (the "Company") and the Company meeting certain fully diluted return-on-equity ("FDROE") goals. Upon vesting, the PSU holder is entitled to receive a number of common shares of the Company (or the cash equivalent, at the election of the Company) equal to the product of the number of PSUs granted multiplied by a factor based on the Company's FDROE during the vesting period. The factor will range between 0.5 and 1.5, depending on the FDROE achieved during the vesting period.
- [F2]These PSUs would vest, subject to the contingency described in note 1 above and the other terms and conditions of the Company's PSU Plan, on the date shown.
- [F3]Assumes the Company would settle these PSUs within three months of the vesting date.
- [F4]Represents the mid-point of the vesting range described in note 1 above for these PSUs.
Documents
Issuer
Flagstone Reinsurance Holdings Ltd
CIK 0001347815
Entity typeother
Related Parties
1- filerCIK 0001394384
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:49 PM ET
- Size
- 7.1 KB