SEC Form 4 · accession 0001385613-16-000150
GREENLIGHT CAPITAL RE, LTD. · GLRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tim Courtis
Officer — Chief Financial Officer
Period of report
May 2, 2016
Accepted (ET)
May 3, 2016 · 6:23 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 | May 2, 2016 | M | 75,000 | $12.72 | A | 348,225 | D | |
| CLASS A ORDINARY SHARESF1 | May 2, 2016 | F | 44,310 | $21.53 | D | 303,915 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $12.72 | May 2, 2016 | M | 75,000 | D | — | May 1, 2016 | CLASS A ORDINARY SHARES | 75,000 | 0 | 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 share options were fully exercisable as of May 2, 2016.