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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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- -------------------------------- OMB APPROVAL
FORM 3 OMB Number: 3235-0104
- -------------------------------- Expires: December 31, 2001
Estimated average burden
hours per response .... 0.5
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1. Name and Address of Reporting Person *
Treacy Cormac
(Last) (First) (Middle)
12/13 Exchange Place, I.F.S.C.
(Street)
Dublin Ireland 1
(City) (State) (Zip)
2. Date of Event Requiring Statement ( Month / Day / Year )
5/7/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
ESG Re Limited (ESREF)
5. Relationship of Reporting Person to Issuer (Check all applicable)
Director 10% Owner
----- -----
X Officer (give title Other
----- below) ----- (specify
below)
Controller
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6. If Amendment, Date or Original (Month/Year)
7. Individual or Join/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Inst.4) Beneficially Owned Form: Direct (D) Beneficial Ownership
(Instr. 4) or Indirect (I) (Instr. 5)
(Inst. 5)
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Common Shares, par value $1 per share None
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one reporting person, SEE instruction 5(b)(v). SEC 1473(8-92)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of Securities Underlying
(Instr. 4) Expiration Date Derivative Security (Instr. 4)
(Month/Day/Year)
Amount or
Date Expiration Title Number of
Exercisable Date Shares
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Options to buy 11/1/98 11/1/08 Common shares 1,500
Options to buy 11/1/00 11/1/08 Common shares 1,500
Options to buy 11/1/01 11/1/08 Common shares 1,500
Options to buy 11/1/02 11/1/08 Common shares 1,500
Options to buy 2/25/98 2/25/08 Common shares 750
Options to buy 2/25/00 2/25/08 Common shares 750
Options to buy 2/25/01 2/25/08 Common shares 750
Options to buy 2/25/02 2/25/08 Common shares 750
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4. Conversion or 5. Ownership 6. Nature of Indirect
Exercise Price of Form of Beneficial Ownership
Derivative Derivative (Instr. 5)
Security Security:
Direct (D) or
Indirect (I)
(Instr. 5)
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$18.30 D
$18.30 D
$18.30 D
$18.30 D
$16.81 D
$16.81 D
$16.81 D
$16.81 D
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Explanation of Responses:
**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 provided is insufficient, SEE Instruction 6 for procedure.
/s/ Cormac Treacy May 24, 1999
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** Signature of Reporting Person Date
Cormac Treacy
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