Frinquelli Angelo Michael 4
4 · WHITE MOUNTAINS INSURANCE GROUP LTD · Filed Mar 26, 2009
Insider Transaction Report
Form 4
Frinquelli Angelo Michael
Director
Transactions
- Award
Phantom Shares (Deferred Compensation)
2009-03-25$181.66/sh+1$182→ 203 total→ Common Shares (1 underlying)
Holdings
- 200(indirect: By Trust)
Common Shares
- 300(indirect: By Renaissance Fund Advisors Inc.)
Common Shares
Footnotes (5)
- [F1]Reporting Person is the sole shareholder of Renaissance Fund Advisors Inc.
- [F2]Phantom Shares are convertible into Common Shares on a 1 for 1 basis.
- [F3]On March 25, 2009, the Reporting Person's deferred compensation account was credited with Phantom Shares equal in value to the ordinary dividend paid on the underlying WTM Common Shares on the dividend date.
- [F4]The Phantom Shares are held in the Reporting Person's WTM deferred compensation account and are payable in cash upon the earlier of the date when the Reporting Person ceases to be a director of the Company or a date certain selected by the Reporting Person.
- [F5]Dividends were automatically invested in Phantom Shares at the fair market price per share of the underlying WTM Common Shares on March 25, 2009, the date dividends were actually paid.