Maiden Holdings, Ltd. — Director's Dealing 2011

Aug 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Maiden Holdings, Ltd. (MHLD)
CIK: 0001412100
Period of Report: 2011-08-04

Reporting Person: SCHMITT KAREN (Please see Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-04	Common Shares	P	3000	$9.12	Acquired	0	Direct
2011-08-05	Common Shares	M	15625	$3.28	Acquired	0	Direct
2011-08-05	Common Shares	P	3000	$8.29	Acquired	74875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-05	Options (right to buy)	$3.28	M	15625	Disposed	2018-11-12	Common Stock (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options (right to buy)	$4.45	2019-02-24	Common Shares (75000)	0	Direct
Options (right to buy)	$7.25	2020-03-04	Common Shares (50000)	0	Direct

Footnotes

F1: The Stock Options were granted pursuant to the Amended and Restated 2007 Share Incentive Plan and will vest 25% on the one year anniversary of grant, and 6.25% each quarter thereafter.