Christie Peter S 4
4 · IPC HOLDINGS LTD · Filed Sep 9, 2009
Insider Transaction Report
Form 4
IPC HOLDINGS LTDIPCR
Christie Peter S
Director
Transactions
- Disposition to Issuer
Common Shares
2009-09-04−1,992→ 0 total - Award
Common Shares
2009-09-04+1,101→ 1,992 total
Footnotes (3)
- [F1]Reflects the acquisition of 1,101 of IPC Holdings, Ltd's ("IPC") transfer restricted common shares. The restrictions on these shares were extinguished upon the director's termination of service coincident with IPC's amalgamation (the "Amalgamation") with Validus Ltd. as described in IPC's Proxy Statement on Schedule 14A, filed with the SEC on August 7, 2009.
- [F2]Includes 1,992 transfer restricted common shares. The restrictions on these shares were extinguished upon the director's termination of service coincident with the closing of the Amalgamation.
- [F3]Pursuant to the Amalgamation, these shares were converted into the right to receive $14,955.97 in cash and 1,937 common shares ("Validus Shares") of Validus Holdings, Ltd. The market price of a Validus Share as of September 3 was $24.76.