GREENLIGHT CAPITAL RE, LTD. — Director's Dealing 2010

Feb 16, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK: 0001385613
Period of Report: 2009-12-31

Reporting Person: Roitman Daniel (Alternate Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-17	Class A Ordinary Shares	J	59889	—	Disposed	39883	Indirect
2009-12-22	Class A Ordinary Shares	J	39883	—	Disposed	0	Indirect
2009-08-17	Class A Ordinary Shares	J	59889	—	Acquired	180117	Direct
2009-12-22	Class A Ordinary Shares	J	39883	—	Acquired	39883	Indirect

Footnotes

F1: The Reporting Person transferred shares held by the Daniel E. Roitman 2007 GRAT for which the Reporting Person retained beneficial ownership to the Reporting Person.

F2: The Reporting Person transferred shares held by the Daniel E. Roitman 2007 GRAT for which the Reporting Person retained beneficial ownership to the Daniel E. Roitman 2007 Family Trust.

F3: These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust.