SEC Form 4 · accession 0001385613-15-000073
GREENLIGHT CAPITAL RE, LTD. · GLRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard R Goldberg
Director
Period of report
Jun 17, 2015
Accepted (ET)
Jun 19, 2015 · 1:30 pm EDT
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 | Jun 17, 2015 | M | 16,000 | $11.10 | A | 163,450 | D | |
| CLASS A ORDINARY SHARES | Jun 17, 2015 | F | 5,787 | $11.10 | D | 157,663 | D | |
| CLASS A ORDINARY SHARESF3 | Jun 17, 2015 | S | 10,213 | $30.65 | D | 147,450 | D | |
| CLASS A ORDINARY SHARESF4 | holding | — | — | — | 22,870 | I | See footnote |
Table II — derivative securities
| 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 | Jun 17, 2015 | M | 16,000 | D | — | Aug 15, 2015 | CLASS A ORDINARY SHARES | 16,000 | 64,000 | D |
Explanation of responses
- 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 $30.26 to $30.91, 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 June 17, 2015.