0001209191-14-016853.txt : 20140304
0001209191-14-016853.hdr.sgml : 20140304
20140304180520
ACCESSION NUMBER: 0001209191-14-016853
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140301
FILED AS OF DATE: 20140304
DATE AS OF CHANGE: 20140304
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RENAISSANCERE HOLDINGS LTD
CENTRAL INDEX KEY: 0000913144
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 980138020
STATE OF INCORPORATION: D0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: RENAISSANCE HOUSE
STREET 2: 12 CROW LANE
CITY: PEMBROKE
STATE: D0
ZIP: HM19
BUSINESS PHONE: 4412954513
MAIL ADDRESS:
STREET 1: RENAISSANCE HOUSE
STREET 2: 12 CROW LANE
CITY: PEMBROKE
STATE: D0
ZIP: HM19
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Todd Rider Fonner
CENTRAL INDEX KEY: 0001372220
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14428
FILM NUMBER: 14666517
MAIL ADDRESS:
STREET 1: RENAISSANCE HOUSE
STREET 2: 8-20 EAST BROADWAY
CITY: PEMBROKE
STATE: D0
ZIP: HM19
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-03-01
0
0000913144
RENAISSANCERE HOLDINGS LTD
RNR
0001372220
Todd Rider Fonner
RENAISSANCE HOUSE
12 CROW LANE
PEMBROKE
D0
HM 19
BERMUDA
0
1
0
0
SVP & CIO
Common Stock
2014-03-01
4
M
0
1344
A
55531
D
Common Stock
2014-03-01
4
D
0
1344
95.51
D
54187
D
Common Stock
2014-03-01
4
F
0
2908
95.51
D
51279
D
Common Stock
2014-03-03
4
S
0
2000
94.85
D
49279
D
Common Stock
2014-03-03
4
A
0
8659
0.00
A
57938
D
Common Stock
2014-03-03
4
A
0
5691
0.00
A
63629
D
Restricted Stock Units
0.00
2014-03-01
4
M
0
1344
D
Common Stock
1344
0
D
Represents the full value, gross of applicable withholdings, of one quarter of the cash-settled restricted stock units originally granted March 1, 2010 pursuant to the 2010 Restricted Stock Unit Plan ("2010 Plan").
Each restricted stock unit is the economic equivalent of one of the Issuer's common shares. On March 1, 2014, 1,344 of the Reporting Person's Restricted Stock Units were settled for cash.
This represents shares withheld in respect of payment of withholding tax liability incurred upon the vesting of restricted shares from grants made on each of March 1, 2010, 2011, 2012 and 2013 pursuant to the Amended and Restated 2001 Stock Incentive Plan ("2001 plan") which vested on March 1, 2014.
This transaction reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on March 3, 2014. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 7, 2012.
Grant of restricted common shares of the Issuer under the 2001 Plan. These shares will vest in four equal annual installments beginning on March 3, 2015.
Grant of restricted common shares of the Issuer, pursuant to its 2010 Performance-based Equity Incentive Plan ("Performance Share Plan"). Vesting of these shares is subject to the satisfaction of both certain service and performance-based vesting conditions. The amount granted represents the maximum potential achievable award. If minimal performance conditions are not met, all shares will be returned to the Performance Share Plan. The grant consists of three substantially equal performance measurement periods, and the number of shares in each tranche that ultimately vest is a function of the Issuer's Total Shareholder Return during a given calendar-year period relative to the members of a predetermined peer group of companies, and the satisfaction of applicable service conditions.
Includes 7,093 shares from prior awards of Performance Shares which will not be earned as the applicable performance conditions were not met, but will remain outstanding under the terms of the Performance Share Plan until the time vesting requirement is met, at which point the shares will be cancelled.
The Reporting Person received a grant of restricted stock units on March 1, 2010 under the 2010 Plan which vest in four equal annual installments. Each Restricted Stock Unit represents a contingent right to receive, upon settlement, cash equal to the closing fair market value of one common share of the Issuer on the date of vesting.
See attached footnotes page.
/S/ Stephen H. Weinstein, Attorney-in-Fact
2014-03-04