PRUITT PETER T 4
4 · PLATINUM UNDERWRITERS HOLDINGS LTD · Filed Dec 23, 2009
Insider Transaction Report
Form 4
PRUITT PETER T
Director
Transactions
- Sale
Common Shares
2009-12-23$38.34/sh−25,000$958,508→ 14,302 total - Exercise/Conversion
Common Shares
2009-12-23$22.50/sh+25,000$562,500→ 39,302 total - Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2009-12-23−25,000→ 0 totalExercise: $22.50Exp: 2012-10-31→ Common Shares (25,000 underlying)
Footnotes (2)
- [F1]This transaction was executed in multiple trades at prices ranging from $38.29 to $38.43. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes, upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares purchased at each separate price.
- [F2]This option vested in three equal annual installments beginning on November 1, 2003.