Home > Insider Trading > Filing (0001199165-10-000010)

Filing Details

Accession Number:: 0001199165-10-000010
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-21 16:34:57
Reporting Period:: 2010-12-20

Filing Date:: 2010-12-21
Accepted Time:: 2010-12-21 16:34:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1141719	Alterra Capital Holdings Ltd	ALTE	Fire, Marine & Casualty Insurance (6331)	980584464

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1199165	A Peter Minton	C/O Alterra Capital Holdings Limited Alterra House, 2 Front Street Hamilton, Bermuda D0 HM 11	Evp & Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Acquisiton	2010-12-20	30,000	$13.50	499,039	No	4	M	Direct
Common Shares	Disposition	2010-12-20	30,000	$20.79	469,039	No	4	S	Direct
Common Shares	Acquisiton	2010-12-20	2,245	$16.00	471,284	No	4	M	Direct
Common Shares	Disposition	2010-12-20	1,727	$20.80	469,557	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Employee Stock Option (right to buy)	Disposition	2010-06-16	30,000	$0.00	30,000	$16.00
Common Shares	Employee Stock Option (right to buy)	Acquisiton	2010-06-16	30,000	$0.00	30,000	$13.50
Common Shares	Employee Stock Option (right to buy)	Disposition	2010-12-20	30,000	$0.00	30,000	$13.50
Common Shares	Warrants	Disposition	2010-12-20	2,245	$0.00	2,245	$16.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2011-01-01	No	5	D	Direct
30,000	2011-01-01	No	5	A	Direct
0	2011-01-01	No	4	M	Direct
0	2011-01-11	No	4	M	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.75 to $20.83, inclusive. The reporting person undertakes to provide to Alterra Capital Holdings Limited, any security holder of Alterra Capital Holdings Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Options are currently exercisable.
In connection with that certain Agreement and Plan of Amalgamation, dated as of March 3, 2010, among Harbor Point Limited, the Issuer, and Alterra Holdings Limited, the Issuer's board of directors declared a special dividend to shareholders of the company of $2.50 per common share (the "Special Dividend"). In accordance with Section 12 of the of the Issuer's 2008 Stock Incentive Plan and Section 17 of the Issuer's 2000 Stock Incentive Plan, the compensation committee of the Issuer's board of directors, determined that, effective as of June 16, 2010, the exercise price of each outstanding option as of June 2, 2010 issued under such plans be reduced by an amount equal to the Special Dividend, or $2.50. Except as modified by the reduction to the exercise price, all terms and conditions of the options remained unchanged and continued to be governed by the terms and conditions of the plan under which they were granted.
The warrant vested upon issuance on Janaury 11, 2001.