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WHITE MOUNTAINS INSURANCE GROUP LTD Director's Dealing 2012

Dec 10, 2012

31060_dirs_2012-12-10_86889fe0-252e-4f75-8e72-32d97c060c7e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK: 0000776867
Period of Report: 2012-11-26

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
2012-11-26 Common Shares G 4000 Disposed 20066 Direct
2012-11-28 Common Shares G 4000 Disposed 16066 Direct
2012-12-07 Common Shares P 900 $519.01 Acquired 16966 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: Reflects reclassification of 5,565 Common Shares from 'Indirect By wife' to 'Direct' since the Reporting Person's last ownership report filing.

F2: Reflects reclassification of 1,219 Common Shares from 'Indirect by Grantor Retained Annuity Trust' to 'Direct' since the Reporting Person's last ownership report filing.

F3: Private purchase.

F4: Reflects reclassification of 10,000 Common Shares from 'Indirect By Wife' to 'Indirect by Grantor Retained Annuity Trust' since the Reporting Person's last ownership report filing.

F5: The Reporting Person no longer has a reportable beneficial interest in 10,751 Common Shares owned by his daughter and included in the Reporting Person's prior ownership reports.

F6: All of the options are fully vested and exerciseable.

F7: Reflects accumulation of 2 WTM Common Shares in Reporting Person's Company 401(k) account since his last filed report. WTM Common Shares are purchased at fair market value on the date of purchase. The information in this report is based on a plan statement dated as of November 30, 2012.