Kott Stanley John 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Mar 9, 2009
Insider Transaction Report
Form 4
Kott Stanley John
CEO, Montpelier Re US Holdings
Transactions
- Award
Restricted Share Units
2009-03-09$11.51/sh+17,708$203,819→ 97,708 total - Exercise/Conversion
Common Shares
2009-03-09$11.51/sh+4,427$50,955→ 22,957 total - Exercise/Conversion
Restricted Share Units
2009-03-09$11.51/sh−4,427$50,955→ 93,281 total
Footnotes (1)
- [F1]Represents an award of variable RSUs made on March 9, 2009 for the period from January 1, 2008 to December 31, 2011. Variable RSUs are contingent awards in which the actual number of RSUs to be awarded is dependent on Company performance during the initial year of the four year award cycle. The variable RSUs are 25% vested upon determination with the remainder vesting ratably on December 31, 2009, 2101 and 2011, subject to continuous employment.