ENSTAR GROUP INC 4
4 · ENSTAR GROUP INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
ENSTAR GROUP INCESGR
Flowers J. Christopher
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2007-01-31−4,515→ 0 total→ Common Stock (4,515 underlying) - Disposition to Issuer
Common Stock
2007-01-31−1,221,555→ 0 total
Footnotes (2)
- [F1]Common Stock was exchanged on a one for one basis for Ordinary Shares in Enstar Group Limited (formerly Castlewood Holdings Limited) in connection with merger of The Enstar Group, Inc. and a subsidiary of Enstar Group Limited ("the merger"). On the effective date of the merger, the closing price of The Enstar Group, Inc. common stock was $107.83 per share. On the first day of trading after the effective date of the merger (the first date of trading in the ordinary shares of Enstar Group Limited) the closing price of Enstar Group Limited ordinary shares was $ 104.75 per share.
- [F2]Restricted Stock Units were exchanged for Restricted Stock Units of Enstar Group Limited (formerly Castlewood Holdings Limited) in connection with the merger. The RSU's may be settled in a lump sum distribution or in quarterly or annual installment payments over a period not to exceed 10 years beginning as of the first business day of any calendar year after the termination of the Reporting Person's services on the Board of Directors of Enstar Group Limited.