SEC Form 4 · accession 0001127602-15-007059
PARTNERRE LTD · PRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Outtrim
Officer — Chief Accounting Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 2:52 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 SharesF1 | Feb 17, 2015 | A | 1,108 | $0.00 | A | 8,916 | D | |
| Common SharesF2 | Feb 17, 2015 | A | 940 | $0.00 | A | 9,856 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Share Units granted as a long-term incentive award will vest 100% on the third 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 940 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 1,410 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 470 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.