GREENLIGHT CAPITAL RE, LTD. — Director's Dealing 2013

Aug 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK: 0001385613
Period of Report: 2013-08-02

Reporting Person: Hedges Barton (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-02	Stock options (right to buy)	$26.44	A	38197	Acquired	2023-08-02	CLASS A ORDINARY SHARES (38197.0)	Direct

Footnotes

F1: These stock options were granted pursuant to the amended employment contract dated July 26, 2012 by and among Greenlight Reinsurance, Ltd., and Barton Hedges.

F2: The options vest 25% on the date of grant, and 25% on each of the first three anniversaries of the grant date.