FORRESTER W THOMAS 4
4 · AXIS CAPITAL HOLDINGS LTD · Filed Jan 4, 2005
Insider Transaction Report
Form 4
FORRESTER W THOMAS
Director
Transactions
- Award
Phantom Stock
2005-01-03+728→ 728 total→ Common Shares (728 underlying) - Award
Stock Option for Common Shares
2005-01-03+8,000→ 8,000 totalExercise: $27.45From: 2006-01-03Exp: 2015-01-03→ Common Shares (8,000 underlying) - Award
Phantom Stock
2005-01-03+2,150→ 2,150 total→ Common Shares (2,150 underlying) - Award
Phantom Stock
2004-12-31+539→ 539 total→ Common Shares (539 underlying)
Footnotes (6)
- [F1]Phantom stock represents common shares issued in lieu of directors' fees that have been deferred using the closing sale price on December 31, 2004 of $27.35 per share.
- [F2]Phantom stock is generally distributed when service as a director ceases.
- [F3]Phantom stock represents restricted shares issued in lieu of directors' fees that have been deferred using the closing sale price on January 3, 2005 of $27.45 per share.
- [F4]Option vests in three equal installments on the first, second and third anniversaries of the dte of grant.
- [F5]Option issued as directors' fees.
- [F6]Phantom stock represents common shares issued in lieu of directors' fees that have been deferred using the closing sale price on January 3, 2005 of $27.45 per share.