Lancaster Antony P.D. 4
4 · PLATINUM UNDERWRITERS HOLDINGS LTD · Filed Apr 24, 2012
Insider Transaction Report
Form 4
Lancaster Antony P.D.
Director
Transactions
- Exercise/Conversion
Common Shares
2012-04-24+1,341→ 2,703 total - Award
Share units
2012-04-24+1,418→ 1,418 total→ Common Shares (1,418 underlying) - Exercise/Conversion
Share units
2012-04-24−1,341→ 0 total→ Common Shares (1,341 underlying)
Footnotes (3)
- [F1]1-for-1
- [F2]These share units were awarded on April 27, 2011 pursuant to the 2010 Share Incentive Plan of Platinum Underwriters Holdings, Ltd. (the "Company"). On the date of the Company's 2012 Annual General Meeting of Shareholders, the Company issued to the reporting person one Common Share of the Company for each of the share units awarded to the reporting person.
- [F3]These shares were awarded on April 24, 2012 pursuant to the Company's 2010 Share Incentive Plan. On the earlier to occur of the first anniversary of the date of the grant or the date of the Company's next Annual General Meeting of Shareholders, the Company will issue to the reporting person one Common Share of the Company for each of the share units awarded to the reporting person, subject to the reporting person's continued service with the Company through the applicable vesting date.