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Maiden Holdings, Ltd. — Director's Dealing 2013
Mar 18, 2013
35595_dirs_2013-03-18_baddf256-0b06-48ff-9fa0-9759b7d66c42.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Maiden Holdings, Ltd. (MHLD)
CIK: 0001412100
Period of Report: 2013-03-15
Reporting Person: RASCHBAUM ARTURO MANUEL (PRESIDENT AND CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 126287 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $3.28 | 2018-11-12 | Common Shares (302487.0) | 0 | Direct |
| Stock Options | $7.25 | 2019-11-12 | Common Shares (333333.0) | 0 | Direct |
| Stock Options | $7.85 | 2020-11-12 | Common Shares (333333.0) | 0 | Direct |
| Restricted Share Units | $ | Common Shares (86705.0) | 86705 | Direct | |
| Restricted Share Units | $ | Common Shares (150000.0) | 150000 | 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 (the "Plan") and vest 25% on the one year anniversary of grant, and 6.25% each quarter thereafter.
F2: The restricted share units were issued pursuant to the Plan. Each restricted share unit represents a contingent right to receive one common share of the Registrant.
F3: The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and have a two year vesting period (the units shall be settled no later than 2 1/2 months after December 31, 2013). The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control.
F4: The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and will vest one-third on the one year anniversary of grant, one-third on the two year anniversary of grant, and one-third on the three year anniversary of grant. The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control.