X0303 4 2010-02-22 0 0001163348 ALLIED WORLD ASSURANCE CO HOLDINGS LTD AWH 0001474077 Bell David ALLIED WORLD ASSURANCE CO. HOLDINGS, LTD 27 RICHMOND ROAD PEMBROKE D0 HM 08 BERMUDA 0 1 0 0 COO, AWAC Common Shares 2010-02-22 4 A 0 22500 0.00 A 39801 D Restricted Stock Unit 2010-02-22 4 A 0 3000 0.00 A Common Shares 1800 5500 D Represents the Company's Common Shares that were earned pursuant to a 2007 LTIP award for no monetary consideration and which vested at 150% of target based on the achievement of pre-established performance criteria during the applicable three-year performance period established under the Company's Amended and Restated Long-Term Incentive Plan. Grant of Restricted Stock Units for no monetary consideration. 3,000 Restricted Stock Units convert into (i) 1,800 of the Company's Common Shares and (ii) cash equal to the market value of 1,200 Common Shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. The Restricted Stock Units vest in four equal installments with the first installment vesting on February 22, 2011. /s/ Wesley D. Dupont, by Power of Attorney 2010-02-24