ENDURANCE SPECIALTY HOLDINGS LTD 4
4 · ENDURANCE SPECIALTY HOLDINGS LTD · Filed Jul 5, 2006
Insider Transaction Report
Form 4
BOUCHER MARK W
CEO, Endurance Worldwide Ins.
Transactions
- Award
Restricted Share Unit
2006-06-30+53→ 6,894 totalExercise: $0.00Exp: 2009-11-18→ Ordinary Shares (53 underlying) - Award
Restricted Share Unit
2006-06-30+33→ 4,214 totalExercise: $0.00Exp: 2009-03-01→ Ordinary Shares (33 underlying) - Award
Restricted Share Unit
2006-06-30+11→ 1,432 totalExercise: $0.00Exp: 2008-03-01→ Ordinary Shares (11 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 dividend 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 June 30, 2006 of $32.00 and (ii) the issuance by the Company of a $0.25 per share dividend on that date.