RENAISSANCERE HOLDINGS LTD 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Sep 26, 2013
Insider Transaction Report
Form 4
Durhager Peter C
SVP & Chief Admin. Officer
Transactions
- Tax Payment
Common Stock
2013-09-25$90.33/sh−17,465$1,577,613→ 70,505 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2013-09-25−21,250→ 0 totalExercise: $74.24From: 2005-08-31Exp: 2014-08-31→ RNR Common Stock (21,250 underlying) - Exercise/Conversion
Common Stock
2013-09-25$74.24/sh+21,250$1,577,600→ 87,970 total - Sale
Common Stock
2013-09-26$89.98/sh−3,785$340,574→ 66,720 total
Footnotes (3)
- [F1]The transactions reported herein relate to the exercise of employee stock options originally granted to the Reporting Person on August 31, 2004 with a ten year term. The exercise was effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2013.
- [F2]This transaction reflects the sale of shares, issued on exercise of the employee stock options reported above, as required by the Reporting Person's previously disclosed Rule 10b5-1 trading plan adopted on May 23, 2013.
- [F3]Includes 7,907 shares from prior awards of Performance Shares which will not be earned as the applicable performance conditions were not met, but will remain outstanding under the terms of the Performance Share Plan until the time vesting requirement is met, at which point the shares will be cancelled.