4//SEC Filing
FASS STEVE ELLIOTT 4
Accession 0001181386-05-000021
CIK 0000776867other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 4:20 PM ET
Size
16.6 KB
Accession
0001181386-05-000021
Insider Transaction Report
Form 4
FASS STEVEN ELLIOT
DirectorPres & CEO, White Mountains Re
Transactions
- Award
Phantom Shares (Deferred Compensation)
2005-06-22$647.50/sh+32$20,720→ 10,557 total→ Common Shares (32 underlying) - Award
Phantom Shares (Deferred Compensation)
2005-06-22$647.50/sh+9$5,828→ 3,095 total→ Common Shares (9 underlying)
Holdings
- 10,000
Common Shares (restricted)
- 3,875(indirect: By 401(k))
Common Shares
- 9,000
Common Share Options
Exp: 2010-02-28→ Common Shares (9,000 underlying)
Footnotes (8)
- [F1]Since March 23, 2005, the date of Reporting Person's last filing, Reporting Person acquired 25 shares of WTM Common Shares under the Folksamerica 401(k) Plan. WTM Common Shares are purchased at fair market value on the date of purchase. The information in this report is based on a plan statement dated as of May 31, 2005.
- [F2]Phantom Shares are convertible into Common Shares on a 1 for 1 basis.
- [F3]On June 22, 2005, the Reporting Person's deferred compensation account was credited with Phantom Shares equal in value to the ordinary dividend paid on the underlying WTM Common Shares on the dividend date.
- [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 with the Company or beginning at an earlier date selected by the Reporting Person in accordance with the terms of the deferred compensation plan.
- [F5]Dividends are automatically invested in Phantom Shares at the fair market price of the underlying WTM Common Shares on June 22, 2005, the date the dividends are deemed to be paid.
- [F6]The Phantom Shares are payable in cash following termination of the Reporting Person's employment with the Company.
- [F7]On February 28, 2000, the Reporting Person was granted options to purchase WTM Common Shares on a 1 for 1 basis at an initial exercise price of $106.19. The exercise price increases by 6% annually on a cumulative basis.
- [F8]Reporting Person was originally granted 9,000 options to purchase Common Shares on February 28, 2000. 900 Options become exercisable annually over a ten-year period.
Issuer
WHITE MOUNTAINS INSURANCE GROUP LTD
CIK 0000776867
Entity typeother
IncorporatedBermuda
Related Parties
1- filerCIK 0001181365
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 4:20 PM ET
- Size
- 16.6 KB