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RENAISSANCERE HOLDINGS LTD — Director's Dealing 2014
Jan 3, 2014
30524_dirs_2014-01-03_2e9ba36f-305c-497a-ab55-168ea379fc26.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RENAISSANCERE HOLDINGS LTD (RNR)
CIK: 0000913144
Period of Report: 2013-12-31
Reporting Person: Todd Rider Fonner (SVP & CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-12-31 | Common Stock | D | 455 | $97.34 | Disposed | 64374 | Direct |
| 2013-12-31 | Common Stock | F | 873 | $97.34 | Disposed | 63501 | Direct |
| 2013-12-31 | Common Stock | D | 2657 | $97.34 | Disposed | 60844 | Direct |
| 2014-01-02 | Common Stock | S | 2000 | $97.18 | Disposed | 58844 | Direct |
Footnotes
F1: Represents 455 Performance Shares cancelled from a maximum of 2,658 Performance Shares eligible to vest from the first tranche of the 2011 grant, as a result of the Issuer's TSR for the calendar-year 2011 performance period relative to the members of a predetermined peer group. See Remarks for additional detail.
F2: Represents shares withheld by the Issuer in respect of payment of withholding tax liability incurred upon the vesting of Performance Shares from the first tranche of the 2011 grant. See Remarks for additional detail.
F3: Represents cancellation of all of the shares originally comprising the second tranche of the 2011 grant as a result of the Issuer's TSR for the calendar-year 2012 performance period relative to the members of a predetermined peer group reflecting the Committee's determination of the performance criteria for that trance. See remarks for additional detail.
F4: This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on January 2, 2014. The sale was effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on November 7, 2012.
F5: Includes 2,516 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 Plan until the time vesting requirement is met, at which point the shares will be cancelled.