MONTPELIER RE HOLDINGS LTD 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Mar 15, 2013
Insider Transaction Report
Form 4
BUSHER THOMAS GEORGE STORY
DirectorChief Operating Officer
Transactions
- Exercise/Conversion
Common Shares
2013-03-15$25.63/sh+18,169$465,635→ 18,169 total - Exercise/Conversion
Restricted Share Units
2013-03-15$25.63/sh−18,169$465,635→ 0 total - Exercise/Conversion
Common Shares
2013-03-15$25.63/sh+64,584$1,655,159→ 82,753 total - Award
Restricted Share Units
2013-03-15$25.63/sh+129,167$3,310,292→ 129,167 total - Exercise/Conversion
Restricted Share Units
2013-03-15$25.63/sh−64,584$1,655,159→ 64,583 total
Holdings
- 25,000
Preferred Shares, Series A
Footnotes (2)
- [F1]In connection with Mr. Busher's planned retirement from the Company on December 31, 2013, pursuant to a Transition Letter that was filed in a Form 8-K dated February 21, 2013, certain of his outstanding Restricted Share Units (those that were scheduled to vest on December 31, 2013) were revised to vest on March 15, 2013.
- [F2]Represents an award of variable Restricted Stock Units made on March 15, 2013 for the period from January 1, 2012 to December 31, 2015. 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 final determination with the remainder vesting ratably on December 15, 2013, 2014 and 2015, subject to continuous employment with the company.