MONTPELIER RE HOLDINGS LTD 4
4 · MONTPELIER RE HOLDINGS LTD · Filed Mar 16, 2015
Insider Transaction Report
Form 4
Kim Jonathan B
Secretary
Transactions
- Tax Payment
Restricted Share Units
2015-03-13$36.26/sh−1,663$60,307→ 39,114 total - Exercise/Conversion
Common Shares
2015-03-13$36.26/sh+4,987$180,849→ 59,236 total - Award
Restricted Share Units
2015-03-13$36.26/sh+26,598$964,550→ 40,777 total - Exercise/Conversion
Restricted Share Units
2015-03-13$36.26/sh−4,987$180,849→ 34,127 total
Footnotes (1)
- [F1]Represents an award of Variable Restricted Share Units ("RSUs") made on March 13, 2015 for the period from January 1, 2014 to December 31, 2017. 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, 2015, 2016 and 2017, subject to the terms of the award agreement with the Company.