Section 16 Officer and Director Transactions Summary Table
The following summary contains information related to transactions in Common Shares and Common Share Derivatives of White Mountains Insurance Group, Ltd. ("WTM") as reported in SEC Forms 3, 4, and 5 filed by Section 16 Officers and Directors of WTM since 2004.
Please visit our SEC Filings – 3, 4, 5 page for a complete copy of Forms 3, 4, and 5 as filed by Section 16 Officers and Directors of White Mountains.
Palmer, J. Brian
Chief Accounting Officer - WTM
Withholding by Company of vesting Restricted Shares in satisfaction of tax withholding obligations
Chairman and Chief Executive Officer – WTM
Private purchases (900); Accumulation of shares in 401(k) (2); Gifts (8,000); Other changes in form of ownership; Reporting person no longer claims beneficial ownership over shares owned by his daughter (10,751)
Accumulation of shares in 401(k) account (40); Amendments to options that (i) fix the strike price at $742 per share, (ii) extinguish 75,000 options, (iii) extend the option term by three years, and (iv) limit the potential in-the-money value of the options.
Disposition of 1,500 WTM Common Shares by Fairholme Ventures II, LLC ("Fairholme Ventures") and 7,000 WTM Common Shares by Fairholme Funds, Inc./The Fairholme Fund (the "Fairholme Fund"). Mr. Berkowitz is the Managing Member of Fairholme Capital which is the Managing Member of Fairholme Ventures and the Investment Adviser to Fairholme Fund.
Voluntary filing of Form 4 to report Mr. Berkowitz's direct and indirect beneficial ownership of WTM Common Shares following the January 3, 2006 distribution of 62,000 WTM Common Shares by Fairholme Partners L.P. to its partners, including 21,222 WTM Common Shares to Mr. Berkowitz or his affiliates. This voluntary report was made in lieu of reporting such distribution on Form 5 in early 2007. Mr. Berkowitz is the Managing Member of the General Partner of Fairholme Partners L.P.