SEC Form 4 · accession 0001209191-15-021604
RENAISSANCERE HOLDINGS LTD · RNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rider Fonner Todd
Officer — SVP & CIO
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 5:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913144
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2015 | A | 7,915 | $0.00 | A | 51,467 | D | |
| Common Stock | Feb 27, 2015 | A | 6,596 | $0.00 | A | 58,063 | D | |
| Common Stock | Mar 1, 2015 | F | 1,985 | $102.53 | D | 56,078 | D | |
| Common Stock | Mar 2, 2015 | S | 1,000 | $102.46 | D | 55,078 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of restricted common shares of the Issuer pursuant to the Amended and Restated 2001 Stock Incentive Plan ("2001 Plan"). These shares will vest in four equal annual installments beginning on March 1, 2016.
- F2Grant of restricted common shares of the Issuer, pursuant to its 2010 Performance-based Equity Incentive Plan ("Performance Share Plan"). Vesting of these shares is subject to the satisfaction of both certain service- and performance-based vesting conditions. The amount granted represents the maximum potential achievable award. If minimal performance conditions are not met, all shares will be returned to the Performance Share Plan. The grant consists of three substantially equal performance measurement periods, and the number of shares in each tranche that ultimately vest is a function of the Issuer's Total Shareholder Return during a given calendar-year period relative to the members of a predetermined peer group of companies, and the satisfaction of applicable service conditions.
- F3This represents shares withheld by the Registrant in respect of payment of withholding tax liability incurred upon the vesting of restricted shares from grants made on each of March 1, 2011, 2012, and 2013 which vested on March 1, 2015.
- F4This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on March 2, 2015. The sale was effected pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the Reporting Person on November 11, 2013.
Remarks
See attached footnotes page.