CAVOORES JOHN PAUL 4
4 · WHITE MOUNTAINS INSURANCE GROUP LTD · Filed Jun 3, 2003
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (5)
- [F1]Based on the closing price of WTM Common Shares on May 30, 2003.
- [F2]Phantom Shares are convertible into Common Shares on a 1 for 1 basis.
- [F3]On June 2, 2003, balances previously held in a discontinued Discounted Stock Option Plan were transferred into Reporting Person's account in a Deferred Compensation Plan. Amount transferred is invested in WTM Phantom Shares
- [F4]The Phantom Shares are payable, at the election of the Company, in cash or in Common Shares following termination of the Reporting Person's employment or beginning at an earlier date selected by the Reporting Person.
- [F5]Based on the average between the high and low bid price of WTM Common Shares on June 2, 2003.