X0305 4 2012-05-03 0 0001385613 GREENLIGHT CAPITAL RE, LTD. GLRE 0001433548 Isaacs Ian 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 CAYMAN ISLANDS 1 0 0 0 Class A ordinary shares 2012-05-03 4 A 0 4153 0 A 32957 D Class A ordinary shares 25000 I By Ian Isaacs IRA Class A ordinary shares 25000 I By Isaacs Living Trust The restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. Amended and Restated 2004 Stock Incentive Plan /s/ Tim Courtis, as attorney-in-fact 2012-05-04