SEC Form 4 · accession 0001582086-16-000023
Blue Capital Reinsurance Holdings Ltd. · BCRH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ENDURANCE SPECIALTY HOLDINGS LTD
10% Owner
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001582086
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jun 15, 2016 | M | 934 | $17.294 | A | 411,518 | D | |
| Common SharesF1 | holding | — | — | — | 2,500,000 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2 | $0.00 | Jun 15, 2016 | M | 934 | D | — | — | Common Shares | 934 | 1,866 | D |
| Restricted Share UnitsF4 | $0.00 | Jun 15, 2016 | A | 2,838 | A | — | — | Common Shares | 2,838 | 4,704 | D |
Explanation of responses
- F1Owned by Endurance Specialty Insurance Ltd., a wholly-owned Subsidiary of Endurance Specialty Holdings Ltd.
- F2Mandatory conversion of previously granted restricted share units.
- F3In accordance with agreements between Endurance Specialty Holdings Ltd. ("ESHL") and Mr. Szakmary and Mr. McGuire, respectively, all remuneration, including cash fees, restricted share units, any other equity-based awards and other compensation, to which they are or will become entitled for their service as directors of the company will be assigned or paid directly to ESHL. Mr. Szakmary and Mr. McGuire disclaim beneficial ownership of all such restricted share units, except to the extent of their pecuniary interest in such restricted share units by virtue of their ownership of ESHL ordinary shares.
- F4These awards will vest in three equal tranches on June 15, 2017, 2018 and 2019, subject to Messrs. Szakmary and McGuire remaining actively engaged as a director of the company in good standing on such dates.