0001144204-11-045419.txt : 20110810 0001144204-11-045419.hdr.sgml : 20110810 20110810201718 ACCESSION NUMBER: 0001144204-11-045419 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110801 FILED AS OF DATE: 20110810 DATE AS OF CHANGE: 20110810 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MARSHALECK JOHN CENTRAL INDEX KEY: 0001460245 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34042 FILM NUMBER: 111025711 MAIL ADDRESS: STREET 1: 48 PAR LA VILLE ROAD STREET 2: SUITE 1141 CITY: HAMILTON STATE: D0 ZIP: HM11 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Maiden Holdings, Ltd. CENTRAL INDEX KEY: 0001412100 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7 REID STREET CITY: HAMILTON HM 12 STATE: D0 ZIP: - BUSINESS PHONE: (441) 295-5225 MAIL ADDRESS: STREET 1: 7 REID STREET CITY: HAMILTON HM 12 STATE: D0 ZIP: - 4 1 v231551_4.xml OWNERSHIP DOCUMENT X0304 4 2011-08-01 0 0001412100 Maiden Holdings, Ltd. MHLD 0001460245 MARSHALECK JOHN C/O MAIDEN HOLDINGS LTD. 131 FRONT STREET, 2ND FLOOR HAMILTON D0 HM12 BERMUDA 0 1 0 0 CHIEF FINANCIAL OFFICER Common Shares 2011-08-08 4 P 0 2000 8.26 A 40000 D Options (right to buy) 3.28 2018-11-12 Common Shares 25000 0 D Options (right to buy) 4.45 2019-02-24 Common Shares 75000 0 D Options (right to buy) 7.25 2020-03-04 Common Shares 50000 0 D Restricted Share Units 2011-08-01 4 A 0 97868 0 A Common Shares 97868 97868 D The Stock Options were granted pursuant to the Amended and Restated 2007 Share Incentive Plan (the "Plan") and will vest 25% on the one year anniversary of grant, and 6.25% each quarter thereafter. The restricted share units were issued pursuant to the Plan. The Plan was amended in July 2011 to allow for restricted share unit grants. Each restricted share unit represents a contingent right to receive one common share of the Registrant. The reporting person received restricted share units that shall vest based upon the achievement of performance criteria relating to return on equity, underwriting performance, revenue growth and operating expense during the performance period from January 1, 2011 to December 31, 2012. The recipient received a target award of 48,934 restricted share units, and 0 to 200% of such target award may vest depending upon the degree to which the performance targets are met. The 97,868 units reported represent 200% of the target award, which is the maximum number of units that may be earned. The restricted share units shall be settled in common shares or, at the discretion of the Compensation Committee, an amount in cash equal to the fair market value of the shares, and shall be settled shortly after the Committee certifies the attainment of performance goals (the "settlement date"), but in no event later than 2 1/2 months after December 31, 2012. The units are forfeited if the reporting person's employment is terminated prior to the settlement date. Certain special terms apply in the event of death, disability or a change of control. /s/ John Marshaleck 2011-08-09