PLATINUM UNDERWRITERS HOLDINGS LTD 4
4 · PLATINUM UNDERWRITERS HOLDINGS LTD · Filed Jun 1, 2007
Insider Transaction Report
Form 4
Krantz James A
EVP & Chief Financial Officer
Transactions
- Award
Share units
2007-05-30+7,281→ 7,281 total→ Common Shares (7,281 underlying) - Award
Non-qualified Option (Right to Buy)
2007-05-30+29,762→ 29,762 totalExercise: $34.34Exp: 2017-05-29→ Common Shares (29,762 underlying)
Footnotes (4)
- [F1]1-for-1
- [F2]These share units were awarded under the 2006 Share Incentive Plan of Platinum Underwriters Holdings, Ltd. (the "Company"). 50% of these share units will vest on February 21, 2010 and the remaining 50% will vest on February 21, 2011. On each of these dates, the Company will issue to the reporting person one Common Share of the Company for each vested share unit, reduced by the number of Common Shares which are equal in Fair Market Value (as defined in the 2006 Share Incentive Plan) on such date to the reporting person's tax withholding obligation.
- [F3]Not applicable.
- [F4]The option, which was awarded under the 2006 Share Incentive Plan, vests in four equal installments on February 21, 2008, February 21, 2009, February 21, 2010 and February 21, 2011.