ENDURANCE SPECIALTY HOLDINGS LTD 4
4 · ENDURANCE SPECIALTY HOLDINGS LTD · Filed Sep 1, 2005
Insider Transaction Report
Form 4
FROLAND CHARLES G
Director
Transactions
- Sale
Ordinary Shares, par value $1.00 per share
2005-08-30$38.05/sh−500$19,025→ 1,073,215 total(indirect: See footnote) - Sale
Ordinary Shares, par value $1.00 per share
2005-08-30$38.00/sh−2,500$95,000→ 1,073,715 total(indirect: See footnote)
Footnotes (2)
- [F1]Mr. Froland is an owner and the CEO of Performance Equity Associates, LLC, ("PEA") and the CEO of Performance Equity Management, LLC ("PEM"), an entity controlled by PEA. A series of PEM is the general partner of Performance Co-Investment Fund I, L.P. ("PCF"), which has certain assets invested in the Issuer. Additionally, pursuant to a Subadvisory Agreement, PEM manages certain assets of First Plaza Group Trust ("First Plaza," and together with PCF, the "Shareholders"), including assets of First Plaza invested in the Issuer. First Plaza and PCF sold 1,000 and 1,500 shares, respectively, on August 30, 2005. Mr. Froland disclaims beneficial ownership of any ordinary shares held by the Shareholders, except to the extent of his pecuniary interest.
- [F2]Mr. Froland is an owner and the CEO of PEA and the CEO of PEM, an entity controlled by PEA. A series of PEM is the general partner of PCF, which has certain assets invested in the Issuer. Additionally, pursuant to a Subadvisory Agreement, PEM manages certain assets of First Plaza, including assets of First Plaza invested in the Issuer. First Plaza and PCF sold 200 and 300 shares, respectively, on August 30, 2005. Mr. Froland disclaims beneficial ownership of any ordinary shares held by the Shareholders, except to the extent of his pecuniary interest.