SPIERING JAN 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed Feb 29, 2012
Insider Transaction Report
Form 4
SPIERING JAN
Director
Transactions
- Award
Restricted Share Units
2012-02-27+3,329→ 3,329 totalExercise: $0.00From: 2012-02-27→ Common Shares (3,329 underlying)
Footnotes (3)
- [F1]Each Restricted Share Unit ("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 grant certificate evidencing each grant. In the discretion of the Compensation Committee, upon exercise, the RSU grant may alternatively be paid in cash, or partly in cash and partly in common shares.
- [F2]The RSUs vest 100% on the date of the grant.
- [F3]The RSUs have no expiration date.