X0201 4 2004-02-19 0 0001171500 PLATINUM UNDERWRITERS HOLDINGS LTD PTP 0001241508 PRICE MICHAEL D PLATINUM UNDERWRITERS REINSURANCE, INC. 2 WORLD FINANCIAL CENTER, SUITE 2300 NEW YORK NY 10281 0 1 0 0 US Pres. and Chief UW Officer Common Stock 2004-02-19 4 M 0 63356.0000 22.5000 A 70500.0000 D Common Stock 2004-02-19 4 S 0 4300.0000 32.5000 D 66200.0000 D Common Stock 2004-02-19 4 S 0 200.0000 32.5100 D 66000.0000 D Common Stock 2004-02-19 4 S 0 100.0000 32.5200 D 65900.0000 D Common Stock 2004-02-19 4 S 0 200.0000 32.5500 D 65700.0000 D Common Stock 2004-02-19 4 S 0 500.0000 32.5600 D 65200.0000 D Common Stock 2004-02-19 4 S 0 200.0000 32.5800 D 65000.0000 D Common Stock 2004-02-19 4 S 0 100.0000 32.5900 D 64900.0000 D Common Stock 2004-02-19 4 S 0 400.0000 32.6100 D 64500.0000 D Common Stock 2004-02-19 4 S 0 1000.0000 32.6200 D 63500.0000 D Common Stock 2004-02-19 4 S 0 500.0000 32.6300 D 63000.0000 D Common Stock 2004-02-19 4 S 0 1100.0000 32.6500 D 61900.0000 D Common Stock 2004-02-19 4 S 0 500.0000 32.6600 D 61400.0000 D Common Stock 2004-02-19 4 S 0 1100.0000 32.6800 D 60300.0000 D Common Stock 2004-02-19 4 S 0 500.0000 32.6900 D 59800.0000 D Common Stock 2004-02-19 4 S 0 9300.0000 32.7000 D 50500.0000 D Common Stock 2004-02-19 4 S 0 21242.0000 32.8000 D 29258.0000 D Common Stock 2004-02-19 4 S 0 1600.0000 32.8300 D 27658.0000 D Common Stock 2004-02-19 4 S 0 3100.0000 32.8500 D 24558.0000 D Common Stock 2004-02-19 4 S 0 600.0000 32.8600 D 23958.0000 D Common Stock 2004-02-19 4 S 0 200.0000 32.8700 D 23758.0000 D Common Stock 2004-02-19 4 S 0 400.0000 32.8800 D 23358.0000 D Common Stock 2004-02-19 4 S 0 400.0000 32.8900 D 22958.0000 D Common Stock 2004-02-19 4 S 0 500.0000 32.9000 D 22458.0000 D Common Stock 2004-02-19 4 S 0 1600.0000 32.9100 D 20858.0000 D Common Stock 2004-02-19 4 S 0 700.0000 32.9200 D 20158.0000 D Common Stock 2004-02-19 4 S 0 100.0000 32.9400 D 20058.0000 D Common Stock 2004-02-19 4 S 0 400.0000 32.9500 D 19658.0000 D Common Stock 2004-02-19 4 S 0 400.0000 32.9600 D 19258.0000 D Common Stock 2004-02-19 4 S 0 100.0000 32.9900 D 19158.0000 D Non-qualified Stock Option (Right to Buy) 22.5000 2004-02-19 4 M 0 63356.0000 0 D 2012-11-01 Common Stock 63356.0000 200000.0000 D The option vests in three equal annual installments beginning on November 1, 2003. Filing 1 of 2 /s/ Michael E. Lombardozzi 2004-02-23