Third Point Reinsurance Ltd. 4
4 · Third Point Reinsurance Ltd. · Filed Feb 23, 2017
Insider Transaction Report
Form 4
Berger John R.
DirectorChairman, CEO & CUO
Transactions
- Award
Common Shares
2017-02-21+92,213→ 533,673 total - Disposition to Issuer
Common Shares
2017-02-21−65,565→ 468,108 total
Holdings
- 500,000(indirect: By LLC)
Common Shares
Footnotes (4)
- [F1]Reflects grant of restricted shares under the Third Point Reinsurance Ltd. 2013 Omnibus Incentive Plan that vest based on continued employment and the achievement of certain financial performance measures over a three-year performance period. The number of shares that may be retained upon vesting will vary based on the level of achievement of the performance goals. The number of shares reflected on this form is the number that would vest if the maximum performance level is achieved (61,475 would vest at target).
- [F2]Includes restricted shares
- [F3]Reflects reduction in previously granted performance shares under the Third Point Reinsurance Ltd. 2013 Omnibus Incentive Plan upon certification of performance goal achievement.
- [F4]The shares are held by JVC52, LLC, which is a Delaware limited liability company. Mrs. Nathalie Berger, Mr. Berger's wife, controls JVC52, LLC. Mr. Berger disclaims any beneficial ownership of these shares except to the extent of his pecuniary interest therin, if any.