WATSON PETER F 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed May 13, 2011
Insider Transaction Report
Form 4
WATSON PETER F
Director
Transactions
- Award
Restricted Share Units
2011-05-12+3,214→ 14,266 totalExercise: $0.00From: 2011-05-12→ Common Shares (3,214 underlying)
Footnotes (3)
- [F1]Each Restricted Share Unit ("RSU") represents the right to receive, without payment to the Company, one newly issued, fully paid and non-assessable common share of the Company, subject to the terms and conditions of the RSU Plan and grant certificate evidencing each grant. In the discretion of the Compensation Committee, upon exercise, the RSU grant may alternatively be paid in cash or partly in cash and partly in common shares.
- [F2]The RSUs vest 100% on the date of the grant.
- [F3]The RSUs have no expiry date.