KARFUNKEL MICHAEL 4
4 · Maiden Holdings, Ltd. · Filed Sep 22, 2010
Insider Transaction Report
Form 4
KARFUNKEL MICHAEL
10% Owner
Transactions
- Award
Common Shares
2010-09-20+600,000→ 600,000 total - Disposition to Issuer
Warrants (right to buy)
2010-09-20−1,350,000→ 0 totalExercise: $10.00Exp: 2017-06-07→ Common Stock (1,350,000 underlying)
Holdings
- 3,892,130(indirect: By Trust)
Common Shares
- 5,500,470(indirect: By Trust)
Common Shares
Footnotes (2)
- [F1]On September 20, 2010, pursuant to the Warrant Exchange Agreement and the Lockup Agreement between the Reporting Person and the Issuer, the Reporting Person exchanged his warrant to acquire 1,350,000 Common Shares for 600,000 Common Shares, subject to a three-year lockup agreement expiring on September 20, 2013.
- [F2]The Reporting Person disclaims beneficial ownership of the shares held by a charitable foundation.