AI assistant
RENAISSANCERE HOLDINGS LTD — Director's Dealing 2014
Jun 5, 2014
30524_dirs_2014-06-05_878ec144-2ceb-4095-be7e-ef777eb5967a.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RENAISSANCERE HOLDINGS LTD (RNR)
CIK: 0000913144
Period of Report: 2014-06-04
Reporting Person: Paradine Jonathan (SVP, CUO - Singapore)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-04 | Common Stock | M | 8239 | $49.10 | Acquired | 67292 | Direct |
| 2014-06-04 | Common Stock | F | 3847 | $105.16 | Disposed | 63445 | Direct |
| 2014-06-05 | Common Stock | S | 4392 | $105.21 | Disposed | 59053 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-06-04 | Non-Qualified Stock Option (Right to Buy) | $49.10 | M | 8239 | Disposed | 2015-03-21 | RNR Common Stock (8239) | Direct |
Footnotes
F1: The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person under the Amended and Restated 2001 Stock Incentive Plan on March 21, 2005 with a ten year term. The exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 21, 2014.
F2: This transaction reflects the sale of shares issued on exercise of the employee stock options reported above; pursuant to the Reporting Person's 10b5-1 trading plan adopted on February 21, 2014.
F3: Represents a weighted average sale price; the sales price ranged from $105.19 to $105.28. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer.
F4: Includes 7,493 shares from prior awards of Performance Shares which will not be earned as the applicable performance conditions were not met, but will remain outstanding under the terms of the 2010 Performance-based Equity Incentive Plan until the time vesting requirement is met, at which point the shares will be cancelled.