PLATINUM UNDERWRITERS HOLDINGS LTD 4
4 · PLATINUM UNDERWRITERS HOLDINGS LTD · Filed Feb 19, 2014
Insider Transaction Report
Form 4
SCHMIDT NEAL J
Exec. VP and Chief Actuary
Transactions
- Exercise/Conversion
Common Shares
2014-02-16+1,675→ 32,559 total - Tax Payment
Common Shares
2014-02-16$57.57/sh−616$35,463→ 31,943 total - Exercise/Conversion
Share units
2014-02-16−1,675→ 1,673 total→ Common Shares (1,675 underlying)
Footnotes (2)
- [F1]1-for-1
- [F2]These share units were granted on February 16, 2011 under the 2010 Share Incentive Plan of Platinum Underwriters Holdings, Ltd. (the "Company"). On February 16, 2014, the third quarter of these shares vested and the Company issued to the reporting person one Common Share for each vested share unit. The remaining share units will vest on the fourth anniversary of the date of grant, and on this vesting date the Company will issue to the reporting person one Common Share for each vested share unit.