BYRNE MARK JAMES 4
4 · Flagstone Reinsurance Holdings Ltd · Filed Dec 29, 2009
Insider Transaction Report
Form 4
BYRNE MARK JAMES
DirectorExecutive Chairman10% Owner
Transactions
- Other
Common Shares
2009-12-16$10.84/sh+24,000$260,270→ 9,886,795 total(indirect: See Footnote) - Other
Common Shares
2009-12-21$10.91/sh+1,700$18,546→ 9,930,495 total(indirect: See Footnote) - Other
Common Shares
2009-12-18$10.79/sh+20,000$215,878→ 9,928,795 total(indirect: See Footnote) - Other
Common Shares
2009-12-15$10.90/sh+24,000$261,566→ 9,862,795 total(indirect: See Footnote) - Other
Common Shares
2009-12-17$10.72/sh+22,000$235,833→ 9,908,795 total(indirect: See Footnote)
Footnotes (2)
- [F1]Between December 15, 2009 and December 21, 2009, Haverford (Bermuda) Ltd ("Haverford"), an affiliate of Flagstone Reinsurance Holdings Limited (the "Company") purchased 91,700 common shares of the Company. [2,718,604] of these common shares represent the indirect proportionate interest of the reporting person in 2,934,109 common shares of the Company held by Haverford, based on the proportionate interest of the reporting person in Haverford. The reporting person may be deemed to have investment or voting control over Haverford. These shares are held through a trust for the benefit of others and the reporting person therefore disclaims beneficial ownership of these shares.
- [F2]7,155,156 of these common shares represent shares held by IAL FSR Limited which are held for the benefit of a company owned by a trust for which the reporting person serves as settlor. The reporting person disclaims beneficial ownership of these shares. 50,000 of these common shares represent shares purchased in connection with the initial public offering of the Company and are owned by Rebecca Byrne, the wife of the reporting person. The reporting person disclaims beneficial ownership of the common shares held by his wife.