Frinquelli Angelo Michael 4
4 · WHITE MOUNTAINS INSURANCE GROUP LTD · Filed Oct 22, 2010
Insider Transaction Report
Form 4
Frinquelli Angelo Michael
Director
Transactions
- Exercise/Conversion
Common Shares
2010-10-22+101→ 401 total - Exercise/Conversion
Phantom Shares (Deferred Compensation)
2010-10-22−101→ 0 total→ Common Shares (101 underlying)
Holdings
- 300(indirect: By Renaissance Fund Advisors Inc.)
Common Shares
- 100(indirect: By Spouse)
Common Shares
- 300(indirect: By Trust)
Common Shares
Footnotes (4)
- [F1]On October 22, 2010, in accordance with a prior irrevocable election, 101 of the Reporting Person's Phantom Shares held in a deferred compensation account were settled for an equal number of WTM Common Shares. Each Phantom Share was the economic equivalent of one WTM Common Share.
- [F2]Reporting Person is the sole shareholder of Renaissance Fund Advisors Inc.
- [F3]Phantom Shares are held in a deferred compensation account and are convertible into Common Shares on a 1 for 1 basis.
- [F4]The Phantom Shares are payable 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. The transaction being reported is the final distribution made to the Reporting Person in respect of his deferred compensation account in accordance with a previously made distribution election pursuant to Section 409A of the Internal Revenue Code.