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SiriusPoint Ltd — Director's Dealing 2013
Aug 14, 2013
31609_dirs_2013-08-14_873b21a6-4b05-4276-b5e8-28446cc9ea84.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Third Point Reinsurance Ltd. (TPRE)
CIK: 0001576018
Period of Report: 2013-08-14
Reporting Person: Urban Anthony (EVP, Underwriting)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Options | $10.00 | 2021-10-28 | Common Shares (627907) | Direct | |
| Options | $16.00 | 2021-10-28 | Common Shares (209302) | Direct | |
| Options | $20.00 | 2021-10-28 | Common Shares (209302) | Direct |
Footnotes
F1: The options are subject to satisfaction of both (i) a service condition and (ii) a performance condition. The service condition will be met as to 20% of the options on each of the first five anniversaries of October 28, 2011, subject to the officer's continued service through such date. Once the service condition has been met, the performance condition will be deemed met with respect to a pro-rata portion of the service-vested options determined based on the Company's proportionate achievement of its fund raising target of $1,000,000,000. As of the date of this filing, the performance condition has been satisfied with respect to 78.4% of the options. The remaining 21.6% of the options will become eligible for vesting based on the service condition upon consummation of the issuer's initial public offering.