4//SEC Filing
MONTPELIER RE HOLDINGS LTD 4
Accession 0001140361-15-029509
CIK 0001165880operating
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:21 PM ET
Size
9.3 KB
Accession
0001140361-15-029509
Insider Transaction Report
Form 4
Sutherland Susan J
Director
Transactions
- Disposition to Issuer
Common Shares, par value 1/6 cent per share
2015-07-31−3,000→ 0 total(indirect: By IRA) - Disposition to Issuer
Restricted Share Units
2015-07-31−2,000→ 0 total - Disposition to Issuer
Common Shares, par value 1/6 cent per share
2015-07-31−6,500→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of March 31, 2015 (the "Merger Agreement"), among Endurance Specialty Holdings Ltd. ("Endurance"), Montpelier Re Holdings Ltd. ("Montpelier") and Millhill Holdings Ltd., a direct, wholly-owned subsidiary of Endurance ("Merger Sub"), whereby Montpelier merged with and into Merger Sub, with Merger Sub surviving the merger as a direct, wholly-owned subsidiary of Endurance (the "Merger"). (Continued in Footnote 2)
- [F2](Continued from Footnote 1) At the effective time of the Merger (the "Merger Effective Time"), each common share, par value 1/6 cent per share, of Montpelier (each "Montpelier Share"), issued and outstanding immediately prior to the Merger Effective Time was cancelled and converted into the right to receive (i) a special dividend payable from Montpelier in the amount of $9.89 per share and (ii) 0.472 of an ordinary share, par value $1.00 per share, of Endurance ("Endurance Shares"), together with cash in lieu of fractional Endurance Shares as provided in the Merger Agreement. The market value of Endurance Shares received pursuant to the Merger Agreement is $32.80 per share, based on the trading price of Endurance Shares on July 31, 2015.
- [F3]Represents Montpelier Restricted Share Units ("Montpelier RSUs") disposed of pursuant to the Merger Agreement. At the Merger Effective Time, each Montpelier RSU issued and outstanding immediately prior to such time was cancelled and converted into a service-based restricted share unit as provided in the Merger Agreement.
Documents
Issuer
MONTPELIER RE HOLDINGS LTD
CIK 0001165880
Entity typeoperating
Related Parties
1- filerCIK 0001165880
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:21 PM ET
- Size
- 9.3 KB