BRADLEY STEPHEN P 4
4 · TRANSATLANTIC HOLDINGS INC · Filed Mar 8, 2012
Insider Transaction Report
Form 4
BRADLEY STEPHEN P
Director
Transactions
- Disposition to Issuer
Restricted Stock Unit
2012-03-06−1,466→ 0 totalFrom: 2011-05-20Exp: 2013-05-20→ Common Stock (1,466 underlying) - Disposition to Issuer
Restricted Stock Unit
2012-03-06−2,200→ 0 totalFrom: 2012-05-26Exp: 2012-05-26→ Common Stock (2,200 underlying)
Footnotes (1)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated November 20, 2011, by and among the Transatlantic Holdings, Inc. ("TRH"), Alleghany Corporation ("Alleghany") and Shoreline Merger Sub, Inc. (formerly, Shoreline Merger Sub, LLC) (the "Merger Agreement"), at the Effective Time (as defined in the Merger Agreement), each Restricted Stock Unit ("RSU") held by the reporting person, including each share of TRH common stock from vested RSU's that become deliverable upon the reporting person's departure from the board of directors of TRH, was converted into the right to receive cash in an amount equal to the Per Share Amount (as defined in the Merger Agreement), with such aggregate cash amount converted into a number of phantom units (each phantom unit being the economic equivalent of a share of Alleghany common stock) determined by dividing such aggregate cash amount by the closing price per share of Alleghany common stock on March 6, 2012. The phantom units will settle in cas