SEC Form 4 · accession 0001412100-16-000124
Maiden Holdings, Ltd. · MHLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arturo Manuel Raschbaum
Officer — PRESIDENT AND CEO
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 7:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001412100
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 17, 2016 | M | 21,598 | $0.00 | A | 369,323 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2,F3 | — | Feb 15, 2016 | A | 75,988 | A | — | — | Common Shares | 75,988 | 75,988 | D |
Explanation of responses
- F1Acquisition of common shares resulting from the vesting of one-third of the restricted share units granted pursuant to the Amended and Restated 2007 Share Incentive Plan (the "Plan") to Mr. Raschbaum in February 2015.
- F2The restricted share units were issued on February 15, 2016 pursuant to the Plan. Each restricted share unit represents a contingent right to receive one common share of the Registrant.
- F3The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and have a three year vesting period (the units shall be settled no later than 2 1/2 months after the expiration of each of the three equal vesting periods of February 15, 2017, 2018 and 2019, respectively). The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control.