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

Apr 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK: 0001385613
Period of Report: 2013-04-02

Reporting Person: Goldberg Leonard R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-02	Class A ordinary shares	M	6000	$11.10	Acquired	138488	Direct
2013-04-02	Class A ordinary shares	S	6000	$24.4562	Disposed	132488	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-02	Stock options (right to buy)	$11.10	M	6000	Disposed	2015-08-05	Class A ordinary shares (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A ordinary shares	22870	Indirect

Footnotes

F1: These shares were sold pursuant to a trading plan adopted by the Reporting Person on March 5, 2013, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

F2: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple trades at prices ranging from $24.40 to $24.53, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Greenlight Capital Re, Ltd., or security holders of Greenlight Capital Re, Ltd., full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: These shares are held for the account of a trust for which the Reporting Person retains beneficial ownership.

F4: These share options were fully exercisable as of April 2, 2013.