Filing Details
- Accession Number:
- 0001181431-12-014370
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-03-05 17:40:57
- Reporting Period:
- 2012-03-01
- Filing Date:
- 2012-03-05
- Accepted Time:
- 2012-03-05 17:40:57
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
913144 | Renaissancere Holdings Ltd | RNR | Fire, Marine & Casualty Insurance (6331) | 980138020 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1492528 | Ross Curtis | Renaissance House 12 Crow Lane Pembroke D0 HM 19 | Cuo - European Operations | No | Yes | No | 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 | 2012-03-01 | 8,915 | $0.00 | 83,050 | No | 4 | A | Direct | |
Common Stock (Performance Based) | Acquisiton | 2012-03-01 | 7,429 | $0.00 | 90,479 | No | 4 | A | Direct | |
Common Stock | Acquisiton | 2012-03-01 | 1,791 | $0.00 | 92,270 | No | 4 | M | Direct | |
Common Stock | Disposition | 2012-03-01 | 1,791 | $71.69 | 90,479 | No | 4 | D | Direct | |
Common Stock | Disposition | 2012-03-01 | 6,000 | $72.38 | 84,479 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | A | Direct | |
No | 4 | A | Direct | |
No | 4 | M | Direct | |
No | 4 | D | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Units | Disposition | 2012-03-01 | 1,791 | $0.00 | 1,791 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
3,581 | No | 4 | M | Direct |
Footnotes
- These shares will vest in four equal annual installments beginning on March 1, 2013.
- Grant of restricted Common Stock of the Issuer, pursuant to its 2010 Performance-based Equity Incentive Plan. Vesting of these shares is subject to the satisfaction of both certain service-and performance-based vesting conditions. The amount of 7,429 reported as granted represents the maximum potential achievable award assuming maximum performance attainment in each of the subsequent three years, compared to a "target" award value equivalent to 2,971 shares. If minimal performance conditions are not met, all shares will be returned to the Performance Share Plan. The grant consists of three substantially equal performance measurement periods, and the number of shares in each tranche that ultimately vest is a function of the Issuer's Total Shareholder Return during a given calendar-year period relative to the members of a predetermined peer group of companies, and the satisfaction of applicable service conditions.
- The Reporting Person received a grant of Cash-Settled Restricted Stock Units ("CSRUs") on March 1, 2010 which vest in four equal annual installments beginning on March 1, 2011. Each CSRU represents a contingent right to receive, upon settlement, cash equal to the closing fair market value of one Common Share of the Issuer on the date of vesting.
- Represents the full value of one quarter of the original CSRU grant which vested on March 1, 2012.
- Each CSRU was the economic equivalent of one share of the Issuer's Common Stock. On March 1, 2012, 1,791 of the Reporting Person's CSRUs were settled for cash.
- This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on March 1, 2012. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2011.
- Represents a weighted average sale price; the sales prices ranged from $71.89 to $72.58. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer.