SiriusPoint Ltd — Director's Dealing 2013

Aug 14, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Third Point Reinsurance Ltd. (TPRE)
CIK: 0001576018
Period of Report: 2013-08-14

Reporting Person: Bredahl J. Robert (CFO and COO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	567500	Direct
Common Shares	200000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$10.00	2022-01-26	Common Shares (1325581)		Direct
Options	$16.00	2022-01-26	Common Shares (441860)		Direct
Options	$20.00	2022-01-26	Common Shares (441860)		Direct

Footnotes

F1: Includes restricted shares.

F2: The shares are held by the J. Robert Bredahl Irrevocable Insurance Trust. Mr. Bredahl's wife is the trustee of the J. Robert Bredahl Irrevocable Trust. Mr. Bredahl disclaims any beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.

F3: 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 January 26, 2012, 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.