WATSON PETER F 4
4 · Flagstone Reinsurance Holdings Ltd · Filed Apr 15, 2009
Insider Transaction Report
Form 4
WATSON PETER F
Director
Transactions
- Award
Restricted Share Units
2009-04-13+4,145→ 7,350 totalExercise: $0.00From: 2009-04-13→ Common Shares (4,145 underlying)
Footnotes (3)
- [F1]The Restricted Share Units ("RSUs") vest 100% on the date of the grant.
- [F2]Each RSU represents the right to receive without payment to the Company, one newly-issued, fully paid and non-assessable common share of the Company, subject to the terms and conditions of the RSU Plan and the grant certificate evidencing each grant. In the discretion of the Compensation Committee, upon vesting the value of the RSU grant alternatively may be paid in cash, or partly in common shares.
- [F3]The RSUs have no expiration date.