X0202 4 2007-11-05 0 0001163348 ALLIED WORLD ASSURANCE CO HOLDINGS LTD AWH 0001368443 Carmilani Scott A ALLIED WORLD ASSURANCE CO HOLDINGS, LTD 27 RICHMOND ROAD PEMBROKE, BERMUDA D0 HM 08 BERMUDA 1 1 0 0 President and CEO Common Shares 2007-11-05 4 M 0 5000 24.27 A 98000 D Employee Stock Options (right to buy) 24.27 2007-11-05 4 M 0 5000 0.00 D 2002-11-21 2011-11-21 Common Shares 5000 61667 D These employee stock options were originally granted as warrants under the Issuer's employee warrant plan and were converted to employee stock options with the same exercise price, vesting period, expiration date, and title and amount of underlying securities upon the closing of the Company's initial public offering of Common Shares in July 2006. These securities vested in four equal installments with the first installment vesting on the date shown. /s/ Scott A. Carmilani 2007-11-06