Maiden Holdings, Ltd. — Director's Dealing 2011

Mar 3, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: JUDD RONALD M (See Remarks)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock option	$7.53	2020-11-30	Common Shares (50000)		Direct
Stock option	$7.53	2020-11-30	Common Shares (20000)		Direct

Footnotes

F1: The Stock Options were granted pursuant to the 2007 Share Incentive Plan, and vest 33.33% on the first anniversary of the
grant date, vest 33.33% on the second anniversary of the grant date, and vest 33.34% on the third anniversary of the grant
date.

F2: The Stock Options were granted pursuant to the 2007 Share Incentive Plan, and vest 25% on the first anniversary of the grant
date, and 6.25% each quarter thereafter.