SiriusPoint Ltd — Director's Dealing 2016

Sep 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Third Point Reinsurance Ltd. (TPRE)
CIK: 0001576018
Period of Report: 2016-09-13

Reporting Person: Urban Anthony (CUO, Third Point Re USA Ltd.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-13	Common Shares	M	95000	$10	Acquired	205975	Direct
2016-09-13	Common Shares	S	95000	$12.40	Disposed	110975	Direct
2016-09-14	Common Shares	M	58662	$10	Acquired	169637	Direct
2016-09-14	Common Shares	S	58662	$12.39	Disposed	110975	Direct
2016-09-15	Common Shares	M	71338	$10	Acquired	182313	Direct
2016-09-15	Common Shares	S	71338	$12.28	Disposed	110975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-13	Options	$10.0	M	95000	Disposed	2021-10-28	Common Shares (95000.0)	Direct
2016-09-14	Options	$10.0	M	58662	Disposed	2021-10-28	Common Shares (58662.0)	Direct
2016-09-15	Options	$10.0	M	71338	Disposed	2021-10-28	Common Shares (71338.0)	Direct

Footnotes

F1: Includes restricted shares.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.35 to $12.48, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.35 to $12.41, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.25 to $12.35, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F5: 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 all of the options.