4//SEC Filing
Werle Kevin 4
Accession 0001442154-13-000008
CIK 0001141719other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 5:36 PM ET
Size
7.7 KB
Accession
0001442154-13-000008
Insider Transaction Report
Form 4
Werle Kevin
EVP & Chief Risk Officer
Transactions
- Disposition to Issuer
Common Shares
2013-05-01−28,961→ 37,058 total - Disposition to Issuer
Common Shares
2013-05-01−37,058→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 18, 2012 (the "Merger Agreement") between Alterra Capital Holdings Limited (the "Issuer"), Markel Corporation ("Markel") and Commonwealth Merger Subsidiary Limited in exchange on a per share basis for (i) the amount of shares of Markel common stock equal to the number of shares of Issuer common stock multiplied by 0.04315 plus (ii) $10.00 in cash, without interest, together with any cash paid in lieu of fractional shares relating to each award and form of ownership. Of the shares of common stock of the Issuer exchanged, 14,000 shares represented restricted stock that automatically vested upon the closing of the transactions contemplated by the Merger Agreement.
- [F2]Restricted stock of the Issuer that did not automatically vest upon the closing of the transactions contemplated by the Merger Agreement disposed of pursuant to the Merger Agreement in exchange on a per share basis for the amount of shares of Markel restricted stock equal to the number of shares of Issuer restricted stock multiplied by the Incentive Exchange Ratio, together with any cash paid in lieu of fractional shares. The Incentive Exchange Ratio is (i) 0.04315 plus (ii) (a) $10.00 divided by (b) the volume weighted average share price per share of Markel common stock for the five consecutive trading days immediately preceding the second trading day before the closing date.
Documents
Issuer
ALTERRA CAPITAL HOLDINGS Ltd
CIK 0001141719
Entity typeother
Related Parties
1- filerCIK 0001442154
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 5:36 PM ET
- Size
- 7.7 KB