Maiden Holdings, Ltd. — Director's Dealing 2011

Aug 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Maiden Holdings, Ltd. (MHLD)
CIK: 0001412100
Period of Report: 2011-08-03

Reporting Person: RASCHBAUM ARTURO MANUEL (PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Common Stock	M	30487	$3.28	Acquired	111287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Stock Options	$3.28	M	30487	Disposed	2018-11-12	Common Stock (333334)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$7.25	2019-11-12	Common Stock (333333)	0	Direct
Stock Options	$7.85	2020-11-12	Common Stock (333333)	0	Direct

Footnotes

F1: Pursuant to Mr. Raschbaum's employment agreement, the Stock Options were granted pursuant to the Amended and Restated 2007 Share Incentive Plan and vest 25% on the one year anniversary of grant, and 6.25% each quarter thereafter.