X0303 4 2008-06-30 0 0001179755 ENDURANCE SPECIALTY HOLDINGS LTD ENH 0001198607 DELCOL JOHN V C/O ENDURANCE SPECIALTY HOLDINGS LTD. WELLESLEY HOUSE, 90 PITTS BAY ROAD PEMBROKE D0 HM 08 BERMUDA 0 1 0 0 General Counsel and Secretary Ordinary Shares, par value $1.00 per share 2009-03-01 4 F 0 2626 22.37 D 74872 D Ordinary Shares, par value $1.00 per share 2009-03-01 4 A 0 10077 0.00 A 84949 D Ordinary Shares, par value $1.00 per share 2009-03-01 4 M 0 403 0.00 A 85352 D Ordinary Shares, par value $1.00 per share 2009-03-01 4 D 0 101 22.37 D 85251 D Restricted Share Unit 0.00 2008-06-30 4 A 0 122 A 2009-03-01 Ordinary Shares 122 403 D Restricted Share Unit 0.00 2009-03-01 4 M 0 403 0.00 D 2009-03-01 Ordinary Shares 403 0 D Restricted Share Unit 0.00 2008-09-30 4 A 0 121 A 2010-03-01 Ordinary Shares 121 121 D Restricted Share Unit 0.00 2008-12-31 4 A 0 123 A 2010-03-01 Ordinary Shares 123 244 D Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted restricted shares. The restricted ordinary shares were granted pursuant to the terms of the Company's 2007 Equity Incentive Plan and vest 25% per year beginning on the first anniversary of the grant date. Ordinary shares acquired upon mandatory conversion of previously granted restricted share units. Ordinary shares disposed of upon mandatory conversion of previously granted restricted share units pursuant to the non-discretionary settlement of a portion of the restricted share units in cash. The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2009. The number of restricted share units issued was determined pursuant to the terms of the agreement governing the securities based on (i) the cumulative dividends that would otherwise have been used to reduce the strike price on options previously granted to the holder in order to make such options compliant with Section 409A of the Internal Revenue Code and the regulations promulgated by the U.S. Internal Revenue Service under Section 409A and (ii) the closing sale price of the Company's ordinary shares on the dates the dividends were originally paid. Mandatory conversion of previously granted restricted share units. The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2010. /s/ John V. Del Col 2009-03-03