ALTERRA CAPITAL HOLDINGS Ltd 4
4 · ALTERRA CAPITAL HOLDINGS Ltd · Filed Sep 5, 2012
Insider Transaction Report
Form 4
NEWHOUSE STEPHAN F
Director
Transactions
- Award
Warrants (right to buy)
2012-09-05+351.71→ 51,014.41 totalExercise: $18.73Exp: 2015-12-15→ Common Shares (351.71 underlying)
Footnotes (3)
- [F1]Pursuant to the anti-dilution provisions of warrants to purchase common shares of Alterra Capital Holdings Limited ("Alterra") held by Mr. Newhouse, following the declaration of a dividend by Alterra, (i) Mr. Newhouse is entitled to elect to receive a payment in cash in respect of such dividend for each common share of Alterra purchased pursuant to the warrants (such payment to be made at the time of exercise of the warrants), or (ii) if Mr. Newhouse makes no election, Mr. Newhouse will receive an adjustment to the exercise price of the warrants held by him (and a resulting change to the number of common shares of Alterra for which his warrants are exercisable) following the record date for such dividend.
- [F2]On September 5, 2012, the exercise price of warrants held by Mr. Newhouse adjusted (and a resulting adjustment was made to the number of common shares of Alterra for which his warrants are exercisable) in respect of the $0.16per share dividend declared by Alterra to holders of record of common shares of Alterra as of August 21, 2012. Pursuant to this adjustment, the exercise price of warrants held by Mr. Newhouse reduced from $18.86 to $18.726 and Mr. Newhouse became entitled to exercise his warrants for an additional 351.71 common shares of Alterra.
- [F3]All warrants are immediately exercisable.