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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1170593	Primus Guaranty Ltd	PRS	Security & Commodity Brokers, Dealers, Exchanges & Services (6200)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1136704	Second Curve Capital Llc	237 Park Avenue 9Th Floor New York NY 10017		No	No	Yes	No
1378438	K Thomas Brown	C/O Second Curve Capital, Llc 237 Park Avenue, 9Th Floor New York NY 10017		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-12-21	120,000	$4.12	5,705,890	No	4	P	Indirect	By advisory clients of Second Curve Capital LLC
Common Stock	Acquisiton	2011-12-22	111,667	$4.25	5,817,557	No	4	P	Indirect	By advisory clients of Second Curve Capital LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By advisory clients of Second Curve Capital LLC
No	4	P	Indirect	By advisory clients of Second Curve Capital LLC

Footnotes

These securities may be deemed to be beneficially owned by Second Curve Capital, LLC and Thomas K. Brown. Second Curve Capital, LLC is the investment manager of Second Curve Partners, LP, Second Curve Partners II, LP, Second Curve Partners International, Ltd., Second Curve Opportunity Fund, LP, Second Curve Opportunity Fund II, LP, Second Curve Opportunity Fund International, Ltd., Second Curve Vision Fund, LP, Second Curve Vision Fund International, Ltd. Thomas K. Brown is the managing member of Second Curve Capital, LLC. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.