MONTPELIER RE HOLDINGS LTD 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Mar 17, 2014
Insider Transaction Report
Form 4
Harris Christopher L
President and CEO
Transactions
- Exercise/Conversion
Common Shares
2014-03-14$28.78/sh+24,314$699,708→ 423,937 total - Award
Restricted Share Units
2014-03-14$28.78/sh+161,020$4,633,834→ 236,020 total - Tax Payment
Restricted Share Units
2014-03-14$28.78/sh−15,941$458,750→ 225,079 total - Award
Restricted Share Units
2014-03-14$28.78/sh+5,000$143,890→ 241,020 total - Exercise/Conversion
Restricted Share Units
2014-03-14$28.78/sh−24,314$699,708→ 200,765 total
Holdings
- 5,000
Preferred Shares, Series A
Footnotes (2)
- [F1]Represents an award of Variable Restricted Share Units ("RSUs") made on March 14, 2014 for the period from January 1, 2013 to December 31, 2016. 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, 2014, 2015 and 2016, subject to continuous employment with the Company.
- [F2]Represents an annual award of Fixed Restricted Share Units made on March 14, 2014 which will vest on December 31, 2014.