FLETCHER C RUSSELL III 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Nov 8, 2004
Insider Transaction Report
Form 4
FLETCHER C RUSSELL III
Chief Underwriting Officer
Transactions
- Exercise/Conversion
Common Shares
2004-11-08$18.33/sh+37,500$687,375→ 43,500 total - Sale
Common Shares
2004-11-08$37.44/sh−200$7,488→ 43,300 total - Sale
Common Shares
2004-11-08$37.45/sh−1,200$44,940→ 42,100 total - Sale
Common Shares
2004-11-08$37.46/sh−1,000$37,460→ 41,100 total - Sale
Common Shares
2004-11-08$37.47/sh−1,900$71,193→ 39,200 total - Sale
Common Shares
2004-11-08$37.48/sh−200$7,496→ 39,000 total - Sale
Common Shares
2004-11-08$37.45/sh−2,500$93,625→ 36,500 total - Sale
Common Shares
2004-11-08$37.42/sh−200$7,484→ 36,300 total - Sale
Common Shares
2004-11-08$37.43/sh−700$26,201→ 35,600 total - Sale
Common Shares
2004-11-08$37.44/sh−2,500$93,600→ 33,100 total - Sale
Common Shares
2004-11-08$37.45/sh−2,000$74,900→ 31,100 total - Sale
Common Shares
2004-11-08$37.46/sh−100$3,746→ 31,000 total - Sale
Common Shares
2004-11-08$37.40/sh−700$26,180→ 30,300 total - Sale
Common Shares
2004-11-08$37.45/sh−2,200$82,390→ 28,100 total - Sale
Common Shares
2004-11-08$37.49/sh−800$29,992→ 27,300 total - Sale
Common Shares
2004-11-08$37.47/sh−200$7,494→ 27,100 total - Sale
Common Shares
2004-11-08$37.48/sh−700$26,236→ 26,400 total - Sale
Common Shares
2004-11-08$37.49/sh−18,300$686,067→ 8,100 total - Sale
Common Shares
2004-11-08$37.55/sh−500$18,775→ 7,600 total - Sale
Common Shares
2004-11-08$37.50/sh−1,000$37,500→ 6,600 total - Sale
Common Shares
2004-11-08$37.52/sh−200$7,504→ 6,400 total - Sale
Common Shares
2004-11-08$37.54/sh−200$7,508→ 6,200 total - Sale
Common Shares
2004-11-08$37.55/sh−200$7,510→ 6,000 total - Sale
Employee Stock Options (right to buy)
2004-11-08$18.33/sh−37,500$687,375→ 0 totalExercise: $18.33From: 2004-09-30Exp: 2012-09-30→ Common Shares (37,500 underlying)
Signature
/s/ Aline Marie Harris, Attorney-In-Fact|2004-11-08