Maiden Holdings, Ltd. — Director's Dealing 2011

Jun 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Maiden Holdings, Ltd. (MHLD)
CIK: 0001412100
Period of Report: 2011-06-01

Reporting Person: NEFF RAYMOND MICHAEL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-01	Options (right to buy)	$9.40	A	6000	Acquired	2021-05-31	Common Shares (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	300000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options (right to buy)	$10.00	2017-07-03	Common Shares (12000)	0	Direct
Options (right to buy)	$3.28	2018-06-26	Common Shares (6000)	0	Direct
Options (right to buy)	$5.11	2019-05-31	Common Shares (6000)	0	Direct
Options (right to buy)	$6.94	2020-05-31	Common Shares (6000)	0	Direct

Footnotes

F1: The Stock Options fully vested on July 3, 2008.

F2: The Stock Options fully vested on June 26, 2009.

F3: The Stock Options fully vested on June 1, 2010.

F4: The Stock Options fully vested on June 1, 2011.

F5: The Stock Options will vest on June 1, 2012.