Krantz James A 4
4 · PLATINUM UNDERWRITERS HOLDINGS LTD · Filed Feb 25, 2009
Insider Transaction Report
Form 4
Krantz James A
EVP & Chief Financial Officer
Transactions
- Exercise/Conversion
Common Shares
2009-02-24+650→ 39,871 total - Exercise/Conversion
Restricted share units
2009-02-24−650→ 0 total→ Common Shares (0 underlying) - Award
Share units
2009-02-23+5,432→ 5,432 total→ Common Shares (5,432 underlying)
Footnotes (3)
- [F1]1-for-1
- [F2]These share units were awarded pursuant to the Company's Amended and Restated Annual Incentive Plan. The share units are fully vested and will be paid to the reporting person 30 days after the date of grant in the form of one Common Share of the Company for each share unit awarded to the reporting person, 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]These restricted share units ("RSUs") were awarded on February 24, 2005 under the 2002 Share Incentive Plan of Platinum Underwriters Holdings, Ltd. (the "Company"). On the fourth anniversary of the date of the grant, the Company issued to the reporting person one Common Share of the Company for each of the final 50% of the RSUs awarded to the reporting person.