Frinquelli Angelo Michael 4
4 · WHITE MOUNTAINS INSURANCE GROUP LTD · Filed Jan 12, 2010
Insider Transaction Report
Form 4
Frinquelli Angelo Michael
Director
Transactions
- Exercise/Conversion
Common Shares
2010-01-08+102→ 302 total - Disposition to Issuer
Common Shares
2010-01-08$329.00/sh−102$33,558→ 200 total - Exercise/Conversion
Phantom Shares (Deferred Compensation)
2010-01-08−102→ 101 total→ Common Shares (102 underlying)
Holdings
- 300(indirect: By Trust)
Common Shares
Footnotes (4)
- [F1]On January 8, 2010, 102 of the Reporting Person's Phantom Shares were settled for an equal number of WTM Common Shares. Each Phantom Share was the economic equivalent of one WTM Common Share.
- [F2]Reporting Person is the sole shareholder of Renaissance Fund Advisors Inc.
- [F3]Phantom Shares are convertible into Common Shares on a 1 for 1 basis.
- [F4]The Phantom Shares are held in the Reporting Person's WTM deferred compensation account and are payable in cash upon the earlier of the date when the Reporting Person ceases to be a director of the Company or a date certain selected by the Reporting Person. The transaction being reported is the first installment paid to the Reporting Person in accordance with a previously made distribution election pursuant to Section 409A of the Internal Revenue Code.