SEC Form 4 · accession 0000899243-15-009335
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher E Watson
Director
Period of report
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348259
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Dec 2, 2015 | M | 6,026 | $17.50 | A | 6,026 | D | |
| Common SharesF1 | Dec 2, 2015 | F | 2,212 | $47.68 | D | 3,814 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F2 | $17.50 | Dec 2, 2015 | M | 6,026 | D | — | Dec 12, 2015 | Common Shares | 6,026 | 0 | D |
Explanation of responses
- F1On December 2, 2015, the Reporting Person exercised warrants to purchase Common shares ("Common Shares") of Validus Holdings, Ltd. (the "Issuer"). The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer withholding Common Shares to pay the exercise price and issuing the remaining Common Shares to the Reporting Person. The Issuer also paid cash to the Reporting Person in lieu of issuing fractional shares.
- F2These warrants are exercisable at any time prior to their expiration date.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney