Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ZWIENER DAVID K
  2. Issuer Name and Ticker or Trading Symbol
PARTNERRE LTD [PRE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO PartnerRe Ltd.
(Last)
(First)
(Middle)
WELLESLEY HOUSE, 90 PITTS BAY ROAD
3. Date of Earliest Transaction (Month/Day/Year)
03/18/2016
(Street)

PEMBROKE D0
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 (1) 03/18/2016   D   24,003 D $ 137.5 0 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Restricted Share Units $ 0 03/18/2016   D     1,458 06/15/2016   (2) Common Shares 1,458 $ 137.5 0 D  
Non-qualified Stock Option (Right to Buy) (3) $ 71.12 03/18/2016   D     10,127 06/15/2013 06/15/2022 Common Shares 10,127 $ 66.38 0 D  
Non-qualified Stock Option (Right to Buy) (4) $ 68.59 03/18/2016   D     10,768 06/15/2011 06/15/2021 Common Shares 10,768 $ 68.91 0 D  
Non-qualified Stock Option (Right to Buy) (5) $ 75.54 03/18/2016   D     8,170 05/12/2010 05/12/2020 Common Shares 8,170 $ 61.96 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ZWIENER DAVID K
WELLESLEY HOUSE
90 PITTS BAY ROAD
PEMBROKE D0
  X     President & CEO PartnerRe Ltd.  

Signatures

 Marc Wetherhill as Attorney-in-Fact for David Zwiener   03/22/2016
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Disposed of pursuant to the merger agreement between the issuer and EXOR in exchange for a cash payment of $3,300,413 (less applicable tax withholding) on the effective date of the merger and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
(2) These Restricted Share Units (RSUs), which provided for a vest on the fifth anniversary of the date of grant, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $200,475, representing the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
(3) These Share Options, which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $672,230, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
(4) These Share Options, which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $742,023, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.
(5) These Share Options, which provided for a three year ratable vest, were cancelled as a result of the merger with EXOR in exchange for a cash payment of $506,213, representing the difference between the exercise price of the Share Option and the merger consideration of $137.50 per share and pursuant to the requirement of Rule 16b-3 of the Exchange Act.

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