RENAISSANCERE HOLDINGS LTD 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Dec 4, 2007
Insider Transaction Report
Form 4
RIKER WILLIAM I
President
Transactions
- Exercise/Conversion
Incentive Stock Option (right to buy)
2007-11-30−24,000→ 0 totalExercise: $16.00From: 1999-05-06Exp: 2008-05-06→ Common Stock (24,000 underlying) - Gift
Common Stock
2007-11-30−23,534→ 322,915 total - Sale
Common Stock
2007-12-03$58.31/sh−10,000$583,100→ 312,915 total - Exercise/Conversion
Common Stock
2007-11-30$16.00/sh+24,000$384,000→ 352,946 total - Tax Payment
Common Stock
2007-11-30$59.11/sh−6,497$384,038→ 346,449 total
Holdings
- 14,505(indirect: By Partnership)
Common Stock
Footnotes (5)
- [F1]The transactions reported hereby relate to the exercise of incentive stock options originally granted to the Reporting Person on May 5, 1998 with a ten year term. In accordance with the tax requirements relating to incentive stock options, the Reporting Person intends to hold the shares issued on exercise thereof for at least one year.
- [F2]This transaction represents shares disposed of to the Issuer in full payment for the exercise price of the incentive stock option.
- [F3]This line reflects bona fide third party gifts to several charities made by the Reporting Person on November 30, 2007.
- [F4]This line reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on December 3, 2007. The sale was effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2007. Detailed information regarding these sales is reflected in Exhibit 99.1 attached hereto.
- [F5]These securities are owned and controlled by a family limited partnership for the benefit of immediate family members of the Reporting Person and may be deemed to be beneficially owned by the Reporting Person.