Raymond Joseph Rene Barrette Form 4 WHITE MOUNTAINS INSURANCE / RAYMOND JOSEPH RENE BARRETTE ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BARRETTE RAYMOND JOSEPH RENE

(Last) (First) (Middle)

C/O WHITE MOUNTAINS INSURANCE GROUP

80 SOUTH MAIN STREET

(Street)

HANOVER NH 03755

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WHITE MOUNTAINS INSURANCE GROUP LTD [ WTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
Chief Executive Officer / Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
01/11/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	01/11/2017		M		3,000	A	$742	45,646(1)	D
Common Shares	01/11/2017		F		2,651	D	$839.51	42,995(1)	D
Common Shares	01/12/2017		M		3,000	A	$742	45,995(1)	D
Common Shares	01/12/2017		F		2,639	D	$843.23	43,356(1)	D
Common Shares	01/13/2017		M		3,000	A	$742	46,356(1)	D
Common Shares	01/13/2017		F		2,636	D	$844.24	43,720(1)	D
Common Shares								6,499	I	by Grantor Retained Annuity Trust
Common Shares (restricted)								5,000	D
Common Shares								6,106	I	By IRA
Common Shares								719	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Common Share Options (right to buy)	$742	01/11/2017		M			3,000	(2)	01/20/2017	Common Shares	3,000	$0	19,000	D
Common Share Options (right to buy)	$742	01/12/2017		M			3,000	(2)	01/20/2017	Common Shares	3,000	$0	16,000	D
Common Share Options (right to buy)	$742	01/13/2017		M			3,000	(2)	01/20/2017	Common Shares	3,000	$0	13,000	D

Explanation of Responses:

1. Includes shares held in accounts jointly owned by the Reporting Person and his spouse.

2. All of the options are fully vested and exercisable.

Remarks:

	Wesley C. Bell, by Power of Attorney	01/13/2017
	** 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.
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