BYRNE MARK JAMES 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed May 27, 2010
Insider Transaction Report
Form 4
BYRNE MARK JAMES
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Shares
2010-05-25$12.00/sh−2,000,000$24,000,000→ 5,155,156 total(indirect: By Limestone Business Limited)
Holdings
- 50,000(indirect: By Rebecca Byrne)
Common Shares
- 2,849,719(indirect: By Haverford (Bermuda) Ltd.)
Common Shares
Footnotes (4)
- [F1]On May 25, 2010, Limestone Business Limited ("Limestone") sold 2,000,000 common shares to the issuer for cash consideration of $12.00 per share in a private transaction.
- [F2]These common shares are held by Limestone, which is owned by a trust, established for the benefit of others, for which the reporting person is the settlor. The reporting person disclaims beneficial ownership of these shares.
- [F3]The reporting person is the Chairman and CEO of Haverford Bermuda Limited, and therefore has voting control over Haverford (Bermuda) Ltd. ("Haverford"). Approximately 92% of the equity interests of Haverford are held by Limestone, which is owned by a trust, established for the benefit of others, for which the reporting person is the settlor. 2,849,719 common shares represent the indirect proportionate interest of the reporting person in the 3,075,618 common shares of the issuer held by Haverford. The reporting person disclaims beneficial ownership of these shares.
- [F4]These common shares represent shares purchased in connection with the initial public offering of the issuer and are owned by Rebecca Byrne, the wife of the reporting person. The reporting person disclaims beneficial ownership of these shares.