Maiden Holdings, Ltd. 4
4 · Maiden Holdings, Ltd. · Filed Feb 17, 2016
Insider Transaction Report
Form 4
RASCHBAUM ARTURO MANUEL
PRESIDENT AND CEO
Transactions
- Exercise/Conversion
Common Shares
2016-02-17+21,598→ 369,323 total - Award
Restricted Share Units
2016-02-15+75,988→ 75,988 total→ Common Shares (75,988 underlying)
Footnotes (3)
- [F1]Acquisition of common shares resulting from the vesting of one-third of the restricted share units granted pursuant to the Amended and Restated 2007 Share Incentive Plan (the "Plan") to Mr. Raschbaum in February 2015.
- [F2]The restricted share units were issued on February 15, 2016 pursuant to the Plan. Each restricted share unit represents a contingent right to receive one common share of the Registrant.
- [F3]The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and have a three year vesting period (the units shall be settled no later than 2 1/2 months after the expiration of each of the three equal vesting periods of February 15, 2017, 2018 and 2019, respectively). The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control.