Shettle John F Jr 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Jan 2, 2009
Insider Transaction Report
Form 4
Shettle John F Jr
Director
Transactions
- Conversion
Director Share Units
2009-01-02$16.23/sh−4,777$77,512→ 1,592 total→ Common Shares (4,777 underlying) - Exercise/Conversion
Director Share Units
2009-01-02$16.23/sh−1,592$25,832→ 0 total→ Common Shares (1,592 underlying) - Conversion
Common Shares
2009-01-02$16.23/sh+4,777$77,512→ 5,777 total
Holdings
- 5,000
Restricted Share Units
Footnotes (2)
- [F1]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.
- [F2]On January 2, 2009, a portion of the Director Share Units were converted into common shares on a one-to-one basis and the remaining Director Share Units were converted to cash at the election of the Reporting Person.