Akre Charles T Jr 4
4 · Enstar Group LTD · Filed Oct 5, 2010
Insider Transaction Report
Form 4
Enstar Group LTDESGR
Akre Charles T Jr
Director
Transactions
- Purchase
Ordinary Shares
2010-10-01$70.00/sh+65,000$4,550,000→ 313,000 total(indirect: By Partnership) - Award
Share Unit
2010-10-01$72.25/sh+349.481$25,250→ 1,843.347 total→ Ordinary Shares (349.481 underlying)
Holdings
- 2,350(indirect: By IRA)
Ordinary Shares
- 3,000
Ordinary Shares
Footnotes (2)
- [F1]Mr. Akre is the managing member of Akre Capital Management, LLC, a Delaware limited liability company, which serves as the general partner, managing member or investment adviser to several investment funds, both public and private, that own ordinary shares of the issuer. Mr. Akre disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest, if any, therein. This filing shall not be deemed to be an admission that Mr. Akre is the beneficial owner of these shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
- [F2]Each Share Unit is granted pursuant to the Enstar Group Limited Deferred Compensation and Ordinary Share Plan for Non-Employee Directors (the "Plan"). Pursuant to the Plan, each Share Unit is the economic equivalent of one ordinary share. The Share Units become payable in ordinary shares (with any fractional shares paid in cash) upon the Reporting Person's termination of service as a member of the Board of Directors of Enstar Group Limited.