SEC Form 4 · accession 0001127602-16-047142

PARTNERRE LTD · PRE

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

Reporting owner

Jan H Holsboer

Director

Period of report

Mar 18, 2016

Accepted (ET)

Mar 22, 2016 · 3:46 pm EDT

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	Mar 18, 2016	D	30,976	$137.50	D	0	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Restricted Share Units^F2	$0.00	Mar 18, 2016	D	2,370	D	Jun 15, 2016	—	Common Shares	2,370	D
Non-qualified Stock Option (Right to Buy)^F3	$71.12	Mar 18, 2016	D	10,127	D	Jun 15, 2013	Jun 15, 2022	Common Shares	10,127	D
Non-qualified Stock Option (Right to Buy)^F4	$68.59	Mar 18, 2016	D	10,768	D	Jun 15, 2011	Jun 15, 2021	Common Shares	10,768	D
Non-qualified Stock Option (Right to Buy)^F5	$75.54	Mar 18, 2016	D	9,804	D	May 12, 2010	May 12, 2020	Common Shares	9,804	D
Non-qualified Stock Option (Right to Buy)^F6	$66.08	Mar 18, 2016	D	10,941	D	May 22, 2009	May 22, 2019	Common Shares	10,941	D
Non-qualified Stock Option (Right to Buy)^F7	$74.08	Mar 18, 2016	D	8,742	D	May 22, 2008	May 22, 2018	Common Shares	8,742	D
Non-qualified Stock Option (Right to Buy)^F8	$73.19	Mar 18, 2016	D	7,268	D	May 10, 2007	May 10, 2017	Common Shares	7,268	D
Non-qualified Stock Option (Right to Buy)^F9	$63.26	Mar 18, 2016	D	6,725	D	May 12, 2006	May 12, 2016	Common Shares	6,725	D

Explanation of responses

F1Disposed of pursuant to the merger agreement between the issuer and EXOR in exchange for a cash payment of $4,259,200 on the effective date of the merger and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F2These Restricted Share Units (RSUs), which provided for a vest on the fifth anniversary of the date of grant, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $325,875, representing the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F3These Share Options, which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $672,230, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F4These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $742,023, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F5These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $607,456, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F6These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $781,406, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F7These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $554,418, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F8These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $467,405, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
F9These Share Options, which provided for an immediate vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $499,264, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.