SEC Form 4 · accession 0001209191-16-100968
RENAISSANCERE HOLDINGS LTD · RNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian D Branagan
Officer — SVP, Chief Risk Officer
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:43 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 18, 2016 | D | 764 | $114.33 | D | 63,116 | D | |
| Common Stock | Feb 18, 2016 | D | 757 | $114.33 | D | 62,359 | D | |
| Common Stock | Feb 18, 2016 | D | 861 | $114.33 | D | 61,498 | D | |
| Common Stock | Feb 18, 2016 | F | 697 | $114.33 | D | 60,801 | D | |
| Common Stock | holding | — | — | — | 9,777 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture, following the Compensation Committee's determination of total shareholder return for 2015, of a portion of the third tranche of performance-based restricted shares granted to the reporting person on March 1, 2013 pursuant to the issuer's 2010 Performance-Based Equity Incentive Plan (the "Plan").
- F2The award consisted of three substantially equal tranches and the amount initially awarded represented the maximum potential achievable number of shares. The number of shares in each tranche that ultimately vests at the expiration of the applicable service period is a function of the issuer's total shareholder return relative to a predetermined peer group of companies during a given calendar-year performance period, and is subject to the reporting person's continued employment through the expiration of the applicable service period. Shares that are no longer eligible to vest following the Compensation Committee's determination of total shareholder return for a performance period are immediately forfeited.
- F3Represents the forfeiture, following the Compensation Committee's determination of total shareholder return for 2015, of a portion of the second tranche of performance-based restricted shares granted to the reporting person on March 3, 2014 pursuant to the Plan.
- F4Represents the forfeiture, following the Compensation Committee's determination of total shareholder return for 2015, of a portion of the first tranche of performance-based restricted shares granted to the reporting person on February 27, 2015 pursuant to the Plan.
- F5Shares withheld for payment of withholding taxes upon the vesting, on February 18, 2016, of performance-based restricted shares granted to the reporting person on March 1, 2013.
Remarks
Exhibit List Exhibit 24 - Power of Attorney