BELL THOMAS D 4
4 · ENDURANCE SPECIALTY HOLDINGS LTD · Filed Jan 4, 2006
Insider Transaction Report
Form 4
BELL THOMAS D
Executive Vice President
Transactions
- Award
Restricted Share Unit
2005-12-30+12→ 1,671 totalExercise: $0.00Exp: 2006-03-01→ Ordinary Shares (12 underlying) - Award
Restricted Share Unit
2005-12-30+20→ 2,881 totalExercise: $0.00Exp: 2009-03-01→ Ordinary Shares (20 underlying) - Award
Restricted Share Unit
2005-12-30+8→ 1,210 totalExercise: $0.00Exp: 2008-03-01→ Ordinary Shares (8 underlying)
Footnotes (2)
- [F1]The dividend restricted share units granted vest and convert upon the expiration of the underlying restricted share units, as established in the agreement governing the underlying restricted share units and are forfeitable upon the violation of certain terms included in such agreement.
- [F2]The number of restricted share units issued was determined pursuant to the terms of the agreement governing the securities based on (i) the closing sale price for the Company?s ordinary shares on December 30, 2005 of $35.85 and (ii) the issuance by the Company of a $0.25 per share dividend on that date.