SEC Form 4 · accession 0001209191-17-017434

RENAISSANCERE HOLDINGS LTD · RNR

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

Reporting owner

Kevin ODonnell

Officer — Pres & Chief Executive Officer · Director

Period of report

Mar 1, 2017

Accepted (ET)

Mar 3, 2017 · 4:07 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^F2	Mar 1, 2017	S	5,940	$149.27	D	200,549	D
Common Stock^F3	Mar 1, 2017	S	1,060	$149.76	D	199,489	D
Common Stock	Mar 1, 2017	A	13,069	$0.00	A	212,558	D
Common Stock	Mar 1, 2017	A	32,673	$0.00	A	245,231	D
Common Stock	Mar 1, 2017	F	1,629	$150.35	D	243,602	D
Common Stock	Mar 1, 2017	F	2,648	$150.35	D	240,954	D
Common Stock	Mar 1, 2017	F	1,294	$150.35	D	239,660	D
Common Stock	Mar 1, 2017	F	112	$150.35	D	239,548	D
Common Stock^F10	holding	—	—		—	1,079	I	by Partnership

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2016.
F10These securities are owned and controlled by a family limited partnership for the benefit of immediate family members of the Reporting Person and may be deemed to be beneficially owned by the Reporting Person.
F2Represents a weighted average price. The shares were sold in multiple transactions at prices ranged from $148.64 to $149.64 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.
F3Represents a weighted average price. The shares were sold in multiple transactions at prices ranged from $149.66 to $149.94 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.
F4Grant of restricted common shares of the issuer pursuant to the RenaissanceRe Holdings Ltd. 2016 Long-Term Incentive Plan (the "2016 Plan"). These shares will vest in four equal annual installments beginning on March 1, 2018.
F5Grant of performance-based restricted common shares of the issuer pursuant to the 2016 Plan. These shares will vest following the expiration of the service period on December 31, 2019, subject to the satisfaction of service- and performance-based vesting conditions. The award consists of three substantially equal tranches. The amount awarded represents the maximum potential achievable number of shares. The number of shares in each tranche that ultimately vest is a function of the issuer's total shareholder return relative to the members of a predetermined peer group of companies during a given calendar-year performance period (2017, 2018 or 2019), and is subject to the reporting person's continued employment through the expiration of the service period. If, following the Compensation Committee's determination of total shareholder return for a performance period, there are shares that are no longer eligible to vest, those shares will be immediately forfeited.
F6This represents shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares granted on March 1, 2013.
F7This represents shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares granted on February 27, 2015.
F8This represents shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares granted on January 12, 2016.
F9This represents shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares granted on May 16, 2016.