4//SEC Filing
MARSHALECK JOHN 4
Accession 0001144204-12-028848
CIK 0001412100other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 9:44 PM ET
Size
13.0 KB
Accession
0001144204-12-028848
Insider Transaction Report
Form 4
MARSHALECK JOHN
CHIEF OPERATING OFFICER
Transactions
- Purchase
Common Shares
2012-05-11$8.14/sh+5,000$40,700→ 45,000 total
Holdings
- 0
Options (right to buy)
Exercise: $3.28Exp: 2018-11-12→ Common Shares (25,000 underlying) - 0
Options (right to buy)
Exercise: $4.45Exp: 2019-02-24→ Common Shares (75,000 underlying) - 0
Options (right to buy)
Exercise: $7.25Exp: 2020-03-04→ Common Shares (50,000 underlying) - 0
Restricted Share Units
→ Common Shares (97,868 underlying) - 0
Restricted Share Units
→ Common Shares (104,046 underlying)
Footnotes (5)
- [F1]The Stock Options were granted pursuant to the Amended and Restated 2007 Share Incentive Plan (the "Plan") and will vest 25% on the one year anniversary of grant, and 6.25% each quarter thereafter.
- [F2]The restricted share units were issued pursuant to the Plan. Each restricted share unit represents a contingent right to receive one common share of the Registrant.
- [F3]The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and shall be settled shortly after the Committee certifies the attainment of performance goals (the "settlement date"), but in no event later than 2 1/2 months after the expiration of the performance period. The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control.
- [F4]The reporting person received restricted share units that shall vest based upon the achievement of performance criteria relating to return on equity, underwriting performance, revenue growth and operating expense during the performance period from January 1, 2011 to December 31, 2012. The recipient received a target award of 48,934 restricted share units, and 0 to 200% of such target award may vest depending upon the degree to which the performance targets are met. The 97,868 units reported represent 200% of the target award, which is the maximum number of units that may be earned.
- [F5]The reporting person received restricted share units that shall vest based upon the achievement of performance criteria relating to return on equity, underwriting performance, revenue growth and operating expense during the performance period from January 1, 2012 to December 31, 2014. The recipient received a target award of 52,023 restricted share units, and 0 to 200% of such target award may vest depending upon the degree to which the performance targets are met. The 104,046 units reported represent 200% of the target award, which is the maximum number of units that may be earned.
Documents
Issuer
Maiden Holdings, Ltd.
CIK 0001412100
Entity typeother
Related Parties
1- filerCIK 0001460245
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 9:44 PM ET
- Size
- 13.0 KB