ODYSSEY AMERICA REINSURANCE CORP 3
3 · USG CORP · Filed Feb 19, 2009
Insider Transaction Report
Form 3
USG CORPUSG
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
10% Owner
Holdings
- 7,111,500(indirect: see footnote)
Common Stock, $0.10 par value (?Shares?)
- (indirect: see footnote)
10% Contingent Convertible Senior Notes due 2018 (?Notes?)
From: 2009-02-09→ Common Stock, $0.10 par value (8,771,930 underlying)
Footnotes (4)
- [F1]4,518,600 Shares are held by Odyssey America Reinsurance Corporation, 2,379,900 Shares are held by United States Fire Insurance Company, 32,800 Shares are held by Lombard General Insurance Company of Canada and 180,200 Shares are held by pension plans of certain subsidiaries of Fairfax Financial Holdings Limited.
- [F2]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 December 1, 2018, the maturity date of the Notes.
- [F3]The Notes are convertible into Shares based on an initial conversion price of $11.40 per Share, subject to adjustment under certain circumstances.
- [F4]$50,000,000 aggregate principal amount of Notes is held by Fairfax (Barbados) International Corp., $23,000,000 aggregate principal amount of Notes is held by Odyssey America Reinsurance Corporation, $23,000,000 aggregate principal amount of Notes is held by United States Fire Insurance Company, $1,000,000 aggregate principal amount of Notes is held by Falcon Insurance Company (Hong Kong) Limited and $3,000,000 aggregate principal amount of Notes is held by the pension plans of certain subsidiaries of Fairfax Financial Holdings Limited.