4//SEC Filing
LESTRANGE KENNETH J 4
Accession 0001209191-11-020617
CIK 0001179755other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:36 PM ET
Size
17.5 KB
Accession
0001209191-11-020617
Insider Transaction Report
Form 4
LESTRANGE KENNETH J
DirectorCOB, President and CEO
Transactions
- Sale
Ordinary Shares, par value $1.00 per share
2011-03-31$47.68/sh−180,448$8,603,544→ 307,411 total - Exercise/Conversion
Option
2011-03-31−180,448→ 0 totalExercise: $12.57From: 2006-12-14Exp: 2011-12-14→ Ordinary Shares (180,448 underlying) - Exercise/Conversion
Option
2011-03-30−50,000→ 180,448 totalExercise: $12.57From: 2006-12-14Exp: 2011-12-14→ Ordinary Shares (50,000 underlying) - Award
Restricted Share Unit
2011-03-31+2,689→ 7,813 totalExercise: $0.00Exp: 2012-03-01→ Ordinary Shares (2,689 underlying) - Exercise/Conversion
Ordinary Shares, par value $1.00 per share
2011-03-30$12.57/sh+50,000$628,500→ 357,411 total - Sale
Ordinary Shares, par value $1.00 per share
2011-03-30$46.19/sh−50,000$2,309,705→ 307,411 total - Exercise/Conversion
Ordinary Shares, par value $1.00 per share
2011-03-31$12.57/sh+180,448$2,268,231→ 487,859 total
Footnotes (4)
- [F1]Shares sold pursuant to Rule 144 of the Securities Act of 1933, as amended. The shares were sold in multiple transactions. The price shown is the weighted average sales price per share of all shares sold on this date; the actual sales prices per share ranged from $45.50 to $47.42. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]Shares sold pursuant to Rule 144 of the Securities Act of 1933, as amended. The shares were sold in multiple transactions. The price shown is the weighted average sales price per share of all shares sold on this date; the actual sales prices per share ranged from $46.87 to $48.98. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2012.
- [F4]The number of restricted share units issued was determined pursuant to the terms of the agreement governing the securities based on (i) the cumulative dividends that would otherwise have been used to reduce the strike price on options previously granted to the holder in order to make such options compliant with Section 409A of the Internal Revenue Code and the regulations promulgated by the U.S. Internal Revenue Service under Section 409A and (ii) the closing sale price of the Company's ordinary shares on the dates the dividends were originally paid.
Documents
Issuer
ENDURANCE SPECIALTY HOLDINGS LTD
CIK 0001179755
Entity typeother
Related Parties
1- filerCIK 0001244613
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:36 PM ET
- Size
- 17.5 KB