ODYSSEY AMERICA REINSURANCE CORP 3
3 · AbitibiBowater Inc. · Filed Apr 11, 2008
Insider Transaction Report
Form 3
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
10% Owner
Holdings
8.0% Convertible Notes due 2013 ("Notes")
From: 2008-04-01→ Common Stock, $1.00 par value ("Shares") (5,000,000 underlying)- (indirect: See footnote)
8.0% Convertible Notes due 2013
From: 2008-04-01→ Common Stock, $1.00 par value (30,000,000 underlying)
Footnotes (3)
- [F1]The Notes are convertible into Shares at the option of the holder thereof at any time prior to the close of business on the business day immediately preceding 04/15/13, the maturity date of the Notes.
- [F2]The notes are convertible into Shares based on an initial conversion rate of 100 Shares per $1,000 principal amount of Notes (equivalent to an initial conversion price of $10.00 per Share), subject to adjustment under certain circumstances.
- [F3]$100 million aggregate principal amount of Notes is held by Odyssey America Reinsurance Corporation, $75 million aggregate principal amount of Notes is held by The North River Insurance Company, $50 million aggregate principal amount of Notes is held by TIG Insurance Company, $32 million aggregate principal amount of Notes is held by Lombard General Insurance Company of Canada, $17.5 million aggregate principal amount of Notes is held by Commonwealth Insurance Company, $11.3 million aggregate principal amount of Notes is held by Markel Insurance Company of Canada, $6.2 million aggregate principal amount of Notes is held by Federated Insurance Company of Canada, $5 million aggregate principal amount of Notes is held by Lombard Insurance Company and $3 million aggregate principal amount of Notes is held by pension plans of certain subsidiaries of Fairfax Financial Holdings Limited.