BYRNE MARK JAMES 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed Dec 10, 2010
Insider Transaction Report
Form 4
BYRNE MARK JAMES
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Shares
2010-12-08$11.48/sh−2,849,868$32,723,039→ 0 total(indirect: By Haverford (Bermuda) Ltd.) - Sale
Common Shares
2010-12-08$11.48/sh−5,155,156$59,193,048→ 0 total(indirect: By Limestone Business Limited) - Sale
Warrant
2010-12-08$1.70/sh−7,955,553$13,499,778→ 0 total(indirect: By Haverford (Bermuda) Ltd.)Exercise: $14.80From: 2013-12-01Exp: 2013-12-31→ Common Shares (7,955,553 underlying)
Holdings
- 50,000(indirect: By Rebecca Byrne)
Common Shares
Footnotes (4)
- [F1]On December 8, 2010, Flagstone (Bermuda) Holdings, Limited entered into an agreement to purchase: (i) 8,005,024 shares of Flagstone Reinsurance Holdings, S.A. (the "Issuer") from Haverford (Bermuda) Ltd. ("Haverford") and Limestone Business Limited ("Limestone") and (ii) the Amended and Restated Share Purchase Warrant dated as of June 25, 2010 (the "Haverford Warrant"), issued to Haverford and exercisable for 7,955,553 shares, par value $0.01 per share, of the Issuer.
- [F2]The reporting person is the Chairman and Chief Executive Officer of Haverford, and therefore has investment and voting control over the 2,849,868 common shares of the Issuer held by Haverford and the Haverford Warrant.
- [F3]These common shares are held by Limestone, which is owned by a trust, established for the benefit of others, for which the reporting person is the settlor. The reporting person disclaims beneficial ownership of these shares.
- [F4]These common shares represent shares purchased in connection with the initial public offering of the Issuer and are owned by Rebecca Byrne, the wife of the reporting person. The reporting person disclaims beneficial ownership of these shares.