4/A//SEC Filing
PLATINUM UNDERWRITERS HOLDINGS LTD 4/A
Accession 0001209191-15-022108
CIK 0001171500operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 2:59 PM ET
Size
9.6 KB
Accession
0001209191-15-022108
Insider Transaction Report
Form 4/AAmended
Mitchell H Elizabeth
Platinum US President and CEO
Transactions
- Disposition to Issuer
Common Shares
2015-03-02−67,561→ 0 total
Footnotes (4)
- [F1]Disposed of in connection with the Agreement and Plan of Merger ("Merger Agreement") between the Issuer, RenaissanceRe Holdings Ltd. ("RenaissanceRe") and Port Holdings Ltd., dated as of November 23, 2014.
- [F2]Pursuant to the terms of the Merger Agreement, upon closing of the merger, these Common Shares will be cancelled and the holder will receive, per her election, an amount equal to 0.6504 common shares of RenaissanceRe per each of her Common Shares with respect to 59,231 of her Common Shares and $66.00 in cash per each of her Common Shares with respect to 8,330 of her Common Shares, subject to proration. Fractional RenaissanceRe common shares will be paid in cash.
- [F3]This consideration amount is subject to adjustment due to possible proration calculations provided for in the Merger Agreement. Specifically, the cash election consideration is subject to proration if the un-prorated aggregate share consideration is less than 7,500,000 RenaissanceRe common shares, and the share election consideration is subject to proration if the un-prorated aggregate share consideration is greater than 7,500,000 RenaissanceRe common shares. This proration calculation has not been finalized as of the date of this Form 4 and thus it is not possible to determine the exact amount of consideration to be received by the reporting person as of the date of this Form 4. Once the exact amount of consideration is determined, the reporting person will file an amendment to this Form 4, if necessary.
- [F4]To gain access to the filing system, this line item is being re-reported only to amend footnote 2 to clarify that the reporting person elected to receive cash for a portion of her common shares.
Documents
Issuer
PLATINUM UNDERWRITERS HOLDINGS LTD
CIK 0001171500
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001171500
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 2:59 PM ET
- Size
- 9.6 KB