SEC Form 4 · accession 0001179755-15-000072
Blue Capital Reinsurance Holdings Ltd. · BCRH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Szakmary
Officer — Chief Executive Officer · Director
Period of report
Nov 10, 2015
Accepted (ET)
Nov 12, 2015 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001582086
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Nov 10, 2015 | A | 1,400 | A | — | — | Common Shares | 1,400 | 1,400 | D |
| Restricted Stock UnitF3,F1 | $0.00 | Nov 10, 2015 | J | 1,400 | D | — | — | Common Shares | 1,400 | 0 | D |
Explanation of responses
- F1Represents an award of restricted share units made on November 10, 2015 by the Company to Mr. Szakmary. This award will vest in three equal tranches on June 15, 2016, 2017 and 2018, subject to the Director remaining actively engaged as a Director in good standing on such dates.
- F2In accordance with an agreement between Endurance Specialty Holdings Ltd. ("ESHL") and Mr. Skakmary, all remuneration, including cash fees, restricted share units, any other equity-based awards and other compensation, to which Mr. Szakmary is or will become entitled for his service as a Director of the Company will be assigned or paid directly to ESHL. Mr. Szakmary disclaims beneficial ownership of all such restricted share units, except to the extent of his pecuniary interest in such restricted share units by virtue of his ownership of ESHL ordinary shares.
- F3Mr. Szakmary transferred the restricted share units to Endurance Specialty Holdings Ltd. for no consideration.