SEC Form 4 · accession 0001385613-16-000202
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
Oct 4, 2016
Accepted (ET)
Oct 5, 2016 · 9:02 am 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 | Oct 4, 2016 | M | 16,000 | $13.48 | A | 168,361 | D | |
| CLASS A ORDINARY SHARES | Oct 4, 2016 | F | 10,300 | $13.48 | D | 158,061 | D | |
| CLASS A ORDINARY SHARESF3 | Oct 4, 2016 | S | 5,700 | $20.618 | D | 152,361 | D | |
| CLASS A ORDINARY SHARESF4 | holding | — | — | — | 22,870 | I | See footnote | |
| CLASS A ORDINARY SHARESF5 | holding | — | — | — | 12,000 | 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 Option (right to buy) | $13.48 | Oct 4, 2016 | M | 16,000 | D | Oct 5, 2009 | Oct 5, 2016 | CLASS A ORDINARY SHARES | 16,000 | 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 shares were sold pursuant to a trading plan adopted by the Reporting Person on August 17, 2015, 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 $20.45 to $20.88, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Greenlight Capital Re, Ltd., or any 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 shares are held for the account of a trust on the behalf of the Reporting Person's immediate family members. The Reporting Person's spouse is trustee of the trust.