WHITE MOUNTAINS INSURANCE GROUP LTD — Director's Dealing 2012

Dec 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK: 0000776867
Period of Report: 2012-12-17

Reporting Person: BARRETTE RAYMOND JOSEPH RENE (Director, Chief Executive Officer, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-17	Common Shares	P	1000	$519.00	Acquired	17966	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares (restricted)	15000	Direct
Common Shares	6106	Indirect
Common Shares	23273	Indirect
Common Shares	5255	Indirect
Common Shares	564	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Share Options	$742.00	2017-01-20	Common Shares (125000)	125000	Direct

Footnotes

F1: Private purchase.

F2: All of the options are fully vested and exerciseable.