Mullan Adam 4
4 · ALTERRA CAPITAL HOLDINGS Ltd · Filed May 3, 2013
Insider Transaction Report
Form 4
Mullan Adam
CEO, Max at Llyods
Transactions
- Disposition to Issuer
Common Shares
2013-05-01−11,784→ 59,456 total - Disposition to Issuer
Common Shares
2013-05-01−59,456→ 0 total - Disposition to Issuer
Restricted Stock Units
2013-05-01−26,801→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 18, 2012 (the "Merger Agreement") between Alterra Capital Holdings Ltd. (the "Issuer"), Markel Corporation ("Markel") and Commonwealth Merger Subsidiary Limited in exchange on a per share basis for (i) the amount of shares of Markel common stock equal to the number of shares of Issuer common stock multiplied by 0.04315 plus (ii) $10.00 in cash, without interest, together with any cash paid in lieu of fractional shares relating to each award and form of ownership.
- [F2]Restricted stock of the Issuer that did not automatically vest upon the closing of the transactions contemplated by the Merger Agreement (the "Closing") disposed of pursuant to the Merger Agreement in exchange on a per share basis for the amount of shares of Markel restricted stock equal to the number of shares of Issuer restricted stock multiplied by the Incentive Exchange Ratio, together with any cash paid in lieu of fractional shares. The Incentive Exchange Ratio is (i) 0.04315 plus (ii) (a) $10.00 divided by (b) the volume weighted average share price per share of Markel common stock for the five consecutive trading days immediately preceding the second trading day before the closing date.
- [F3]Restricted stock units of the Issuer that did not automatically vest upon the Closing disposed of pursuant to the Merger Agreement in exchange on a per unit basis for (i) the amount of Markel restricted stock units equal to the number of Issuer restricted stock units multiplied by the Incentive Exchange Ratio, together with any cash paid in lieu of fractional shares.