SEC Form 4 · accession 0001582086-16-000021
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
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 4:36 pm EDT
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 Share UnitsF1 | $0.00 | Jun 15, 2016 | A | 1,419 | A | — | — | Common Shares | 1,419 | 1,419 | D |
| Restricted Share UnitsF3,F1 | $0.00 | Jun 15, 2016 | J | 1,419 | D | — | — | Common Shares | 1,419 | 0 | D |
Explanation of responses
- F1This award will vest in three equal tranches on June 15, 2017, 2018 and 2019, subject to Mr. Szakmary remaining actively engaged as a director of the company in good standing on such dates.
- F2In accordance with an agreement between Endurance Specialty Holdings Ltd. ("ESHL") and Mr. Szakmary, 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.