DICKSON THOMAS 4
4 · Flagstone Reinsurance Holdings, S.A. · Filed May 18, 2011
Insider Transaction Report
Form 4
DICKSON THOMAS
Director
Transactions
- Conversion
Common Shares
2011-05-16+3,293→ 69,305 total - Conversion
Restricted Share Units
2011-05-16+3,293→ 0 total(indirect: By LLC)→ Common Shares (3,293 underlying)
Footnotes (3)
- [F1]Each Restricted Share Unit ("RSU") represents the right to receive without payment to the Company, one newly issued, fully paid and non-assessable common share of the Company, subject to the terms and conditions of the RSU Plan and the grant certificate evidencing each grant. In the discretion of the Compensation Committee, upon vesting the value of the RSU grant alternatively may be paid in cash, or partly in common shares.
- [F2]The RSUs vest 100% on the date of grant and do not have an expiration date.
- [F3]The reporting person hereby reports both the conversion of 3,293 RUSs into an equal amount of common shares and the assignment of those common shares from Meetinghouse LLC to the reporting person.