4//SEC Filing
Roberts Joseph William 4
Accession 0001389155-13-000004
CIK 0001141719other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 6:05 PM ET
Size
6.1 KB
Accession
0001389155-13-000004
Insider Transaction Report
Form 4
Roberts Joseph William
EVP & CFO
Transactions
- Award
Common Shares
2013-04-24+10,396→ 148,978 total
Footnotes (2)
- [F1]On March 1, 2012, the Issuer made a grant to the Reporting Person of 10,396 performance shares (the "March 2012 grant"). Pursuant to the award agreement, the March 2012 grant contained an enhanced issuance provision whereby the Reporting Person would recieve up to an additional 100% of the original grant if certain performance measures where attained. On December 18, 2012, the Issuer entered into a previously disclosed merger agreement with Markel Corporation ("Markel"). In addition, on that date, the Compensation Committee of the Issuer's Board of Directors determined that, upon consumation of the merger, the performance measures related to the March 2012 grant would be deemed met to the extent required to permit for the additional 100% issuance of the original grant.
- [F2]On April 22, 2013, the Issuer announced entry into a Waiver Agreement with Markel whereby although all the conditions required to consumate the merger had been achieved, the parties agreed to delay the closing of the merger until May 1, 2013. As a result of the substantive conditions of the merger consumation being met, the Issuer has determined it appropriate to issue the additional 10,396 shares to the Reporting Person.
Documents
Issuer
ALTERRA CAPITAL HOLDINGS Ltd
CIK 0001141719
Entity typeother
Related Parties
1- filerCIK 0001389155
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 6:05 PM ET
- Size
- 6.1 KB