RENAISSANCERE HOLDINGS LTD 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Nov 8, 2013
Insider Transaction Report
Form 4
Durhager Peter C
SVP & Chief Admin. Officer
Transactions
- Sale
Common Stock
2013-11-07$95.03/sh−2,733$259,717→ 61,720 total - Sale
Common Stock
2013-11-06$95.00/sh−5,000$475,000→ 61,720 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2013-11-06−5,654→ 0 totalExercise: $49.10From: 2006-03-21Exp: 2015-03-21→ RNR Common Stock (5,654 underlying) - Exercise/Conversion
Common Stock
2013-11-06$49.10/sh+5,654$277,611→ 67,374 total - Tax Payment
Common Stock
2013-11-06$95.07/sh−2,921$277,699→ 64,453 total
Footnotes (4)
- [F1]This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on November 6, 2013. The sale was effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2013.
- [F2]The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person on March 21, 2005 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.
- [F3]This transaction reflects the sale of shares, issued upon exercise of the employee stock options reported above. The exercises and subsequent sales were effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2013.
- [F4]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.