SEC Form 4 · accession 0001209191-17-009055
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 7, 2017
Accepted (ET)
Feb 9, 2017 · 4:09 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 7, 2017 | M | 29,309 | $53.86 | A | 77,437 | D | |
| Common Stock | Feb 7, 2017 | F | 20,086 | $140.39 | D | 57,351 | D | |
| Common Stock | Feb 7, 2017 | M | 29,885 | $51.13 | A | 87,236 | D | |
| Common Stock | Feb 7, 2017 | F | 19,178 | $140.39 | D | 68,058 | D | |
| Common Stock | Feb 8, 2017 | M | 5,865 | $51.13 | A | 73,923 | D | |
| Common StockF5 | Feb 8, 2017 | S | 3,045 | $139.97 | D | 70,878 | D | |
| Common Stock | Feb 8, 2017 | M | 1,856 | $53.86 | A | 72,734 | D | |
| Common Stock | Feb 8, 2017 | S | 1,004 | $139.73 | D | 71,730 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F6 | $53.86 | Feb 7, 2017 | M | 29,309 | D | — | Mar 3, 2018 | RNR Common Stock | 29,309 | 0 | D |
| Non-Qualified Stock Options (Right to Buy)F7 | $51.13 | Feb 7, 2017 | M | 29,885 | D | — | Mar 1, 2017 | RNR Common Stock | 29,885 | 0 | D |
| Incentive Stock Option (Right to Buy)F7 | $51.13 | Feb 8, 2017 | M | 5,865 | D | — | Mar 1, 2017 | RNR Common Stock | 5,865 | 0 | D |
| Incentive Stock Option (Right to Buy)F6 | $53.86 | Feb 8, 2017 | M | 1,856 | D | — | Mar 3, 2018 | RNR Common Stock | 1,856 | 0 | D |
Explanation of responses
- F1Relates exclusively to the exercise of employee stock options originally granted to the Reporting Person on March 3, 2008 with a ten year term.
- F2Represents the withholding of shares to cover the payment of exercise price of the employees stock options and withholding of taxes due on exercise.
- F3Relates exclusively to the exercise of employee stock options originally granted to the Reporting Person on March 1, 2007 with a ten year term.
- F4This transaction reflects the sale of shares, issued on exercise of the employee stock options reported above, to cover the payment of the exercise price of the employee stock options and withholding taxes due on exercise.
- F5Represents a weighted average price. The shares were sold in multiple transactions at prices ranged from $139.95 to $140.00 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.
- F6Vested in four equal annual installments beginning on March 3, 2009.
- F7Vested in four equal annual installments beginning on March 1, 2008.