SPIERING JAN 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed Dec 27, 2011
Insider Transaction Report
Form 4
SPIERING JAN
Director
Transactions
- Exercise/Conversion
Common Shares
2011-12-20+88,975→ 98,975 total - Exercise/Conversion
Restricted Share Units
2011-12-20−88,975→ 0 totalExercise: $0.00→ Common Shares (88,975 underlying)
Footnotes (2)
- [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 grant and have no expiration date.