CASH DAVID S 4

4 · ENDURANCE SPECIALTY HOLDINGS LTD · Filed Oct 2, 2007

Form 4

Period: 2007-06-29

Chief Underwriting Officer

Transactions

Award
Ordinary Shares, par value $1.00 per share
2007-09-28+25,543→ 81,517 total
Award
Restricted Share Unit
2007-06-29+9→ 1,401 total
Exercise: $0.00Exp: 2008-03-01→ Ordinary Shares (9 underlying)
Award
Restricted Share Unit
2007-06-29+91→ 14,668 total
Exercise: $0.00Exp: 2011-03-01→ Ordinary Shares (91 underlying)
Disposition to Issuer
Restricted Share Unit
2007-09-28−14,668→ 0 total
Exercise: $0.00Exp: 2011-03-01→ Ordinary Shares (14,668 underlying)
Disposition to Issuer
Restricted Share Unit
2007-09-28−1,401→ 0 total
Exercise: $0.00Exp: 2008-03-01→ Ordinary Shares (1,401 underlying)
Disposition to Issuer
Restricted Share Unit
2007-09-28−6,590→ 0 total
Exercise: $0.00Exp: 2009-09-01→ Ordinary Shares (6,590 underlying)
Award
Restricted Share Unit
2007-06-29+64→ 10,327 total
Exercise: $0.00Exp: 2009-09-01→ Ordinary Shares (64 underlying)
Disposition to Issuer
Restricted Share Unit
2007-09-28−2,884→ 0 total
Exercise: $0.00Exp: 2009-03-01→ Ordinary Shares (2,884 underlying)
Award
Restricted Share Unit
2007-06-29+18→ 2,884 total
Exercise: $0.00Exp: 2009-03-01→ Ordinary Shares (18 underlying)

Footnotes (3)

[F1]On September 28, 2007, pursuant to the terms of the Issuer's restricted share unit exchange program, the Issuer cancelled restricted share units previously granted to the Reporting Person. In exchange for the restricted share units, the Reporting Person received an equivalent number of restricted shares.
[F2]The dividend restricted share units granted were cancelled on September 28, 2007 in accordance with the terms of the Restricted Share Agreement between the Issuer and the Reporting Person. In exchange, the Reporting Person received an equivalent number of restricted shares as reported in Table I above.
[F3]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 29, 2007 of $39.82 and (ii) the issuance by the Company of a $0.25 per share dividend on that date.

Documents

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