SEC Form 4 · accession 0001209191-16-153375
RENAISSANCERE HOLDINGS LTD · RNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Howard Weinstein
Officer — SVP, General Counsel & Secty
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 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 | Dec 1, 2016 | M | 5,865 | $51.13 | A | 85,376 | D | |
| Common Stock | Dec 1, 2016 | F | 2,296 | $130.64 | D | 83,080 | D | |
| Common Stock | Dec 1, 2016 | M | 46,182 | $51.13 | A | 129,262 | D | |
| Common Stock | Dec 1, 2016 | F | 29,206 | $130.64 | D | 100,056 | D | |
| Common StockF3 | Dec 2, 2016 | S | 16,976 | $130.62 | D | 83,080 | D | |
| Common StockF4 | holding | — | — | — | 2,140 | I | by Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F5 | $51.13 | Dec 1, 2016 | M | 5,865 | D | — | Mar 1, 2017 | RNR Common Stock | 5,865 | 0 | D |
| Non-Qualified Stock Options (Right to Buy)F5 | $51.13 | Dec 1, 2016 | M | 46,182 | D | — | Mar 1, 2017 | RNR Common Stock | 46,182 | 0 | D |
Explanation of responses
- F1All of the transactions reported hereby were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2016.
- F2The transactions reported hereby relate exclusively to the exercise of employee stock options originally granted to the Reporting Person on March 1, 2007 with a ten year term.
- F3Represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $130.06 to $130.99. The reporting person undertakes to provide the full information regarding the number of shares sold at each price to the Commission, the issuer or a security holder of the issuer upon request.
- F4Represents shares held by two separate trusts for the benefit of each of two minor children of the Reporting Person (collectively, the "Trusts"), which shares may be deemed to be beneficially owned by the Reporting Person.
- F5Vested in four equal annual installments beginning on March 1, 2008.