MONTPELIER RE HOLDINGS LTD 4
4 · MONTPELIER RE HOLDINGS LTD · Filed May 21, 2008
Insider Transaction Report
Form 4
FULKERSON ALLAN W
Director
Transactions
- Award
Restricted Share Units
2008-05-21$16.67/sh+5,000$83,350→ 5,000 total
Holdings
- 1,580
Common Shares
- 4,876
Director Share Units
→ Common Shares (4,876 underlying)
Footnotes (3)
- [F1]The RSUs granted to Mr. Fulkerson by the Board under our Long-Term Incentive Plan constitute phantom restricted shares which will vest ratably in four equal annual tranches based on continuous service as a director and are payable in the Company's common shares at the end of the RSU term.
- [F2]Director Share Units are phantom shares that are convertible into common shares on a one-to-one basis or an equivalent amount of cash, at the option of the Reporting Person.
- [F3]Director Share Units are payable upon separation from service.