SEC Form 4 · accession 0001209191-15-014139
PLATINUM UNDERWRITERS HOLDINGS LTD · PTP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Carl Decleir
Officer — EVP & Chief Financial Officer
Period of report
Feb 14, 2015
Accepted (ET)
Feb 17, 2015 · 10:26 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171500
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 14, 2015 | A | 11,666 | $0.00 | A | 66,370 | D | |
| Common Shares | Feb 16, 2015 | M | 1,145 | $0.00 | A | 67,515 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share unitsF2,F3 | — | Feb 16, 2015 | M | 1,145 | D | — | — | Common Shares | 1,145 | 0 | D |
Explanation of responses
- F1These common shares represent the payment of an award granted on February 14, 2012 under the Amended and Restated Executive Incentive Plan of Platinum Underwriters Holdings, Ltd. (the "Company") for the 2012-2014 performance cycle.
- F21-for-1
- F3These share units were granted on February 16, 2011 under the Company's 2010 Share Incentive Plan. On February 16, 2015, the final quarter of these shares vested and the Company issued to the reporting person one Common Share for each vested share unit.