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GREENLIGHT CAPITAL RE, LTD. Director's Dealing 2008

May 19, 2008

32963_dirs_2008-05-19_949b59ae-7c01-4b88-993e-e7d31cab1831.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: Greenlight Capital Re, Ltd. (GLRE)
CIK: 0001385613
Period of Report: 2008-03-24

Reporting Person: Goldberg Leonard R (Director, Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-03-24 Class A ordinary shares A 24935 Acquired 61935 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A ordinary shares 80000 Indirect

Footnotes

F1: The restricted stock award was granted under the issuer's stock incentive plan.

F2: Number of ordinary shares beneficially owned corrected from original filing.

F3: The shares were omitted from original filing.

F4: These shares are held for the account of a trust for which the Reporting Person retains beneficial ownership.