SEC Form 4 · accession 0001127602-15-007054

PARTNERRE LTD · PRE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & CFO, PartnerRe Ltd.

Period of report

Feb 17, 2015

Accepted (ET)

Feb 19, 2015 · 2:47 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000911421

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Shares^F1	Feb 17, 2015	A	4,051	$0.00	A	36,323	D
Common Shares^F2	Feb 17, 2015	A	4,051	$0.00	A	40,374	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Appreciation Rights^F3	$118.80	Feb 17, 2015	A	24,306	A	Feb 17, 2016	Feb 17, 2025	Common Shares	24,306	24,306	D

F1Restricted Share Units granted as a long-term incentive award will vest 100% on the 3rd anniversary of the date of Grant.
F2Performance Share Units granted as a long-term incentive award will vest 100% on the third anniversary of the date of grant. Vesting of these shares is subject to the satisfactory achievement of both service and performance-based vesting conditions. The amount of 4,051 reported as granted represents the "target" equity award assuming target performance of 100%. The maximum equity award value is 150% of the "target" value which is equivalent to 6,077 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 2,026 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.
F3Share-Settled Share Appreciation Rights (SARs) will vest 33% on the first and second anniversary of the date of grant and 34% on the third anniversary of the date of grant and will be settled in shares.