UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | Â (2) | 10/23/2011 | Common Shares, $.01 par value per share | 37,500 | $ 20 | D | Â |
Series A Convertible Preference Shares (3) | Â (3) | Â (3) | Common Shares, $.01 par value per share | 12,905 | $ (3) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GRANDISSON MARC WESSEX HOUSE, 45 REID STREET HAMILTON, D0 HM 12 |
 |  |  Reinsur. Group Chairman & CEO |  |
/s/ Marc Grandisson | 02/27/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 12,500 of such shares are restricted and subject to vesting on October 23, 2006; 1,926 of such shares are restricted and subject to vesting in two equal annual installments on February 20, 2005 and 2006; 2148 of such shares are restricted and subject to vesting in three equal annual installments on February 26, 2005, 2006 and 2007. |
(2) | The stock option became exercisable in three equal annual installments commencing on October 23, 2001. |
(3) | Subject to certain restrictions on conversion, the Series A Convertible Preference Shares are convertible on a one-for-one basis into Common Shares at the option of the holder and are manditorily convertible into Common Shares upon the occurrence of certain events. The conversion ratio is subject to antidilution and other adjustments. |