X0203 3 2009-09-29 0 0001163348 ALLIED WORLD ASSURANCE CO HOLDINGS LTD AWH 0001473976 D'Orazio Frank ALLIED WORLD ASSURANCE CO. HOLDINGS LTD 27 RICHMOND ROAD PEMBROKE D0 HM 08 BERMUDA 0 1 0 0 Pres. Bda & Int'l Ins., AWAC Common Shares 25000 D Restricted Stock Units Common Shares 2000 D Represents Restricted Stock Units which convert into Common Shares upon the vesting of such units on a one-for-one basis. The Restricted Stock Units vest in four equal annual installments with the first installment vesting on February 26, 2010. Grant of Restricted Stock Units for no monetary consideration. 4,000 Restricted Stock Units convert into (i) 2,000 Common Shares of the Company and (ii) cash equal to the market value of 2,000 Common Shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. /s/ Frank N. D'Orazio 2009-10-09