-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NY57wojHVPhA/mQLeR0yGJzvCtUYy4KNrmMCve1WuO+1YqXF82GRkftocg/Sxsx2 eHUnO6A5QavHT64UAVhEyg== 0001209191-08-059981.txt : 20081112 0001209191-08-059981.hdr.sgml : 20081111 20081112102640 ACCESSION NUMBER: 0001209191-08-059981 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081107 FILED AS OF DATE: 20081112 DATE AS OF CHANGE: 20081112 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PHILADELPHIA CONSOLIDATED HOLDING CORP CENTRAL INDEX KEY: 0000909109 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 232202671 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: WYNNEWOOD STATE: PA ZIP: 19004 BUSINESS PHONE: 6106428400 MAIL ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: MAGUIRE HOLDING CORP DATE OF NAME CHANGE: 19930714 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MAGUIRE CHRISTOPHER JAMES CENTRAL INDEX KEY: 0001198775 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22280 FILM NUMBER: 081178807 BUSINESS ADDRESS: STREET 1: PHILADELPHIA INSURANCE CO. STREET 2: ONE BALA PLAZA CITY: BALA CYNWYD STATE: PA ZIP: 19004 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2008-11-07 0 0000909109 PHILADELPHIA CONSOLIDATED HOLDING CORP PHLY 0001198775 MAGUIRE CHRISTOPHER JAMES SUITE 100 ONE BALA PLAZA BALA CYNWYD PA 19004 0 1 0 0 EVP & COO Common Stock (no par value) 2008-11-07 4 J 0 73795 A 73795 I See Footnote Common Stock (no par value) 486892 D Forward Purchase Agreement 2008-11-07 4 J 0 299448 D Common Stock (no par value) 299448 0 D On November 9, 2006, a trust (the "Trust") of which the Reporting Person is a beneficiary and co-trustee entered into a forward purchase agreement with Deutsche Bank AG, London Branch (the "Agreement") relating to up to 299,448 shares (the "Contract Amount") of Common Stock. The Agreement provided that the Trust would deliver up to 299,448 shares (or, at the Trust's option, the cash equivalent) on November 7, 2008 (the "Settlement Date") The number of shares delivered on the Settlement Date was determined pursuant to the Agreement as follows: (a) if the price of the shares on the Settlement Date (the "Settlement Value") is less than or equal to $41.9168 (the "Floor Price"), the number of shares will be equal to the Contract Amount; (b) if the Floor Price is less than the Settlement Value, and the Settlement Value is less than $56.5877 (the "Threshold Price"), the number of shares will be equal to the Contract Amount multiplied by a fraction whose numerator is the Floor Price and whose denominator is the Settlement Value; (c) if the Settlement Value is greater than the Threshold Price, then the number of shares will be equal to the Contract Amount minus such Contract Amount multiplied by a fraction whose numerator is the Threshold Price, minus the Floor Price, and whose denominator is the Settlement Value. The Settlement Value was $59.35, and based upon this, 73,795 shares were delivere d on the Settlement Date. The Trust received $10,556,149.52 in November 2006 under the Agreement. The Reporting Person is a trustee and beneficiary of the Trust which has entered into the Agreement. Craig P. Keller, Attorney-In-Fact 2008-11-12 -----END PRIVACY-ENHANCED MESSAGE-----