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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $ 37.51 | 03/04/2010 | M | 23,000 | 11/04/2006 | 11/04/2015 | Common Stock | 23,000 | $ 0 | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 29.77 | 03/04/2010 | M | 10,077 | 01/11/2003 | 01/11/2012 | Common Stock | 10,077 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ashley William J RENAISSANCE HOUSE 8-20 EAST BROADWAY PEMBROKE, BERMUDA, D0 HM 19 |
FormerPresCEORenReInsHldgsLtd. |
/s/ Stephen H. Weinstein, Attorney-in-Fact | 03/08/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents exclusively shares withheld by Issuer in respect of payment of the exercise price upon exercise of the stock options. |
(2) | Represents a weighted average sale price; the sales prices ranged from $56.58 to $56.71. 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. |
Remarks: This Form 4 is being filed exclusively to report two option exercises: (x) the exercise of Non-Qualified Stock Options at an exercise price of $37.51 per share, settled by the surrender of 17,840 shares of common stock, and the concurrent disposition of the 5,160 shares of Common Stock issued thereupon; and (y) the exercise of Incentive Stock Options for 10,077 shares of Common Stock for which the exercise price of $29.77 was paid in cash. As announced by the Company on January 11, 2010, the Reporting Person has retired from his executive positions with the Company. |