Statement of Changes in Beneficial Ownership (4)
March 22 2016 - 3:36PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Babcock William
|
2. Issuer Name
and
Ticker or Trading Symbol
PARTNERRE LTD
[
PRE
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP & CFO, PartnerRe Ltd.
|
(Last)
(First)
(Middle)
WELLESLEY HOUSE, 90 PITTS BAY ROAD
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/18/2016
|
(Street)
PEMBROKE D0
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Shares
(1)
|
3/18/2016
|
|
A
|
|
2781
|
A
|
$0
|
37382
|
D
|
|
Common Shares
(2)
|
3/18/2016
|
|
A
|
|
2026
|
A
|
$0
|
39408
|
D
|
|
Common Shares
(3)
|
3/18/2016
|
|
D
|
|
39408
|
D
|
$137.50
|
0
|
D
|
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Stock Appreciation Rights
(4)
|
$69.50
|
3/18/2016
|
|
D
|
|
|
9375
|
8/4/2009
|
8/4/2018
|
Common Shares
|
9375
|
$68.00
|
0
|
D
|
|
Stock Appreciation Rights
(5)
|
$61.90
|
3/18/2016
|
|
D
|
|
|
2763
|
2/27/2010
|
2/27/2019
|
Common Shares
|
2763
|
$75.60
|
0
|
D
|
|
Stock Appreciation Rights
(6)
|
$79.61
|
3/18/2016
|
|
D
|
|
|
10200
|
2/26/2011
|
2/26/2020
|
Common Shares
|
10200
|
$57.89
|
0
|
D
|
|
Stock Appreciation Rights
(7)
|
$80.45
|
3/18/2016
|
|
D
|
|
|
12500
|
10/1/2011
|
10/1/2020
|
Common Shares
|
12500
|
$57.05
|
0
|
D
|
|
Stock Appreciation Rights
(8)
|
$81.94
|
3/18/2016
|
|
D
|
|
|
14395
|
2/17/2012
|
2/17/2021
|
Common Shares
|
14395
|
$55.56
|
0
|
D
|
|
Stock Appreciation Rights
(9)
|
$63.44
|
3/18/2016
|
|
D
|
|
|
28500
|
3/1/2013
|
2/28/2022
|
Common Shares
|
28500
|
$74.06
|
0
|
D
|
|
Stock Appreciation Rights
(10)
|
$89.20
|
3/18/2016
|
|
D
|
|
|
19619
|
3/1/2014
|
3/1/2023
|
Common Shares
|
19619
|
$48.30
|
0
|
D
|
|
Stock Appreciation Rights
(11)
|
$98.88
|
3/18/2016
|
|
D
|
|
|
29202
|
2/28/2015
|
2/28/2024
|
Common Shares
|
29202
|
$38.62
|
0
|
D
|
|
Stock Appreciation Rights
(12)
|
$118.80
|
3/18/2016
|
|
D
|
|
|
24306
|
2/17/2016
|
2/17/2025
|
Common Shares
|
24306
|
$18.70
|
0
|
D
|
|
Explanation of Responses:
|
(
1)
|
Reflects performance adjustment to Performance Share Units granted on February 28, 2014. This award was previously reported on grant at target (5,562 shares) and settled at 150% (8,343 shares) on March 18, 2016.
|
(
2)
|
Reflects performance adjustment to Performance Share Units granted on February 17, 2015. This award was previously reported on grant at target (4,051 shares) and settled at 150% (6,077 shares) on March 18, 2016.
|
(
3)
|
Disposed of pursuant to the merger agreement between the issuer and EXOR in exchange for a cash payment of $5,418,600 (less applicable tax withholding) on the effective date of the merger and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
4)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $637,500 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
5)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $208,883 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
6)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $590,478 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
7)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $713,125 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
8)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $799,786 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
9)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $2,110,710 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
10)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $947,598 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
11)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $1,127,781 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
(
12)
|
These Share-Settled Share Appreciation Rights (SARs), which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $454,522 (less applicable tax withholding), representing the difference between the exercise price of the SAR and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Babcock William
WELLESLEY HOUSE
90 PITTS BAY ROAD
PEMBROKE D0
|
|
|
EVP & CFO, PartnerRe Ltd.
|
|
Signatures
|
Marc Wetherhill as Attorney-in-Fact for William Babcock
|
|
3/22/2016
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Partnerre (NYSE:PRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Partnerre (NYSE:PRE)
Historical Stock Chart
From Apr 2023 to Apr 2024