SEC Form 4 · accession 0001385613-15-000002

GREENLIGHT CAPITAL RE, LTD. · GLRE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jan 2, 2015

Accepted (ET)

Jan 5, 2015 · 4:22 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001385613

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
CLASS A ORDINARY SHARES	Jan 2, 2015	M	15,000	$11.10	A	158,923	D
CLASS A ORDINARY SHARES	Jan 2, 2015	F	5,100	$11.10	D	153,823	D
CLASS A ORDINARY SHARES^F3	Jan 2, 2015	S	9,900	$32.409	D	143,923	D
CLASS A ORDINARY SHARES^F4	holding	—	—		—	22,870	I	See footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock options (right to buy)^F5	$11.10	Jan 2, 2015	M	15,000	D	—	Aug 15, 2015	CLASS A ORDINARY SHARES	15,000	235,000	D

F1These shares were disposed by the reporting person to the issuer in lieu of the exercise price as the reporting person opted for a cashless exercise.
F2These shares were sold pursuant to a trading plan adopted by the Reporting Person on November 27, 2013, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple trades at prices ranging from $32.12 to $32.77, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Greenlight Capital Re, Ltd., or security holders of Greenlight Capital Re, Ltd., full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4These shares are held for the account of a trust for which the Reporting Person retains beneficial ownership.
F5These share options were fully exercisable as of January 2, 2015.