4: Statement of changes in beneficial ownership of securities
Published on February 2, 2011
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
RENAISSANCERE HOLDINGS LTD [ RNR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/31/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
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Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/31/2011 | S(1) | 14,778 | D | $65.5(2) | 154,562 | D | |||
Common Stock | 01/31/2011 | M | 37,588 | A | $52.9 | 192,150 | D | |||
Common Stock | 01/31/2011 | F | 32,123 | D | $65.62 | 160,027 | D | |||
Common Stock | 01/31/2011 | M | 28,000 | A | $39.07 | 188,027 | D | |||
Common Stock | 01/31/2011 | F | 19,841 | D | $65.62 | 168,186 | D | |||
Common Stock | 02/01/2011 | S(3) | 21,012 | D | $65.81(4) | 147,174 | D | |||
Common Stock | 01/31/2011 | S(1) | 8,198 | D | $65.4(5) | 5,178 | I | by Partnership(6) | ||
Common Stock | 02/01/2011 | S(3) | 4,099 | D | $65.97(7) | 1,079 | I | by Partnership(6) | ||
Common Stock | 01/31/2011 | S(1) | 3,392 | D | $65.3(8) | 1,696 | I | by Spouse | ||
Common Stock | 02/01/2011 | S(3) | 1,696 | D | $65.96(9) | 0 | I | by Spouse |
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $52.9 | 01/31/2011 | M(10) | 37,588 | 03/03/2005 | 03/03/2014 | Common Stock | 37,588 | $0 | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $39.07 | 01/31/2011 | M(11) | 28,000 | 11/19/2003 | 11/19/2012 | Common Stock | 28,000 | $0 | 0 | D |
Explanation of Responses: |
1. This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on January 31, 2011. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2010. |
2. Represents a weighted average sale price; the sales prices ranged from $65.14 to $65.74. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
3. This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on February 1, 2011. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2010. |
4. Represents a weighted average sale price; the sales prices ranged from $65.53 to $66.00. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
5. Represents a weighted average sale price; the sales prices ranged from $65.14 to $65.62. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
6. These 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. |
7. Represents a weighted average sale price; the sales prices ranged from $65.95 to $65.99. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
8. Represents a weighted average sale price; the sales prices ranged from $65.14 to $65.42. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
9. Represents a weighted average sale price; the sales prices ranged from $65.95 to $65.98. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer. |
10. The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person on March 3, 2004 with a ten year term. The exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2010. |
11. The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person on November 19, 2002 with a ten year term. The exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2010. |
Remarks: |
In prior Form 4 filings of the Reporting Person, 1,440 shares were incorrectly reported as being owned by the family limited partnership instead of by the Reporting Person directly due to a clerical error by the Registrant. This Form 4 properly reports the 1,440 shares as being owned directly by the Reporting Person. |
/s/ Kevin J. O'Donnell | 02/02/2011 | |
** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.