4//SEC Filing
Traimond Frederic 4
Accession 0001140361-12-016626
CIK 0001347815other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 9:47 PM ET
Size
7.6 KB
Accession
0001140361-12-016626
Insider Transaction Report
Form 4
Traimond Frederic
Chief Operating Officer
Transactions
- Award
Common Shares
2012-03-15+38,153→ 59,612 total - Tax Payment
Common Shares
2012-03-15$8.48/sh−2,080$17,638→ 57,532 total
Footnotes (3)
- [F1]The Performance Share Units ("PSUs") vested on January 1, 2012; however, settlement of any shares took place following the calculation of the factor described in footnote (2). The factor used to determine the number of common shares awarded was determined following the filing of the Company's annual report on Form 10-K on March 13, 2012.
- [F2]Vesting of PSUs is contingent on the reporting person's continued employment with Flagstone Reinsurance Holdings SA (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 ranges between 0.5 and 1.5, depending on the FDROE achieved during the vesting period. Based on the FDROE achieved during the relevant period, the number of common shares awarded was determined by multiplying the number of PSUs by a factor of 0.5.
- [F3]Represents shares used to satisfy tax withholding obligation upon settlement of PSUs described in footnotes (1) and (2).
Documents
Issuer
Flagstone Reinsurance Holdings, S.A.
CIK 0001347815
Entity typeother
Related Parties
1- filerCIK 0001457807
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 9:47 PM ET
- Size
- 7.6 KB