SEC Form 4 · accession 0000899243-16-015232
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey W. Greenberg
Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 6:41 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 SharesF6,F2,F5 | Mar 1, 2016 | S | 54,134 | $45.54 | D | 1,044,252 | I | See Footnotes |
| Common SharesF7,F2,F5 | Mar 2, 2016 | S | 54,133 | $45.69 | D | 990,119 | I | See Footnotes |
| Common SharesF8,F2,F5 | Mar 3, 2016 | S | 54,133 | $45.50 | D | 935,986 | I | See Footnotes |
| Common SharesF6,F3,F5 | Mar 1, 2016 | S | 2,456 | $45.54 | D | 47,506 | I | See Footnotes |
| Common SharesF7,F3,F5 | Mar 2, 2016 | S | 2,456 | $45.69 | D | 45,050 | I | See Footnotes |
| Common SharesF8,F3,F5 | Mar 3, 2016 | S | 2,457 | $45.50 | D | 42,593 | I | See Footnotes |
| Common SharesF6,F4,F5 | Mar 1, 2016 | S | 1,371 | $45.54 | D | 26,499 | I | See Footnotes |
| Common SharesF7,F4,F5 | Mar 2, 2016 | S | 1,370 | $45.69 | D | 25,129 | I | See Footnotes |
| Common SharesF8,F4,F5 | Mar 3, 2016 | S | 1,370 | $45.50 | D | 23,759 | I | See Footnotes |
| Common SharesF6 | Mar 1, 2016 | S | 212 | $45.54 | D | 4,083 | D | |
| Common SharesF7 | Mar 2, 2016 | S | 211 | $45.69 | D | 3,872 | D | |
| Common SharesF8 | Mar 3, 2016 | S | 211 | $45.50 | D | 3,661 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans.
- F2These securities are held by Aquiline Capital Partners LLC.
- F3These securities are held by Aquiline Financial Services Fund L.P.
- F4These securities are held by Aquiline Financial Services Fund (Offshore) L.P.
- F5The investment manager of each of Aquiline Financial Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. is Aquiline Capital Partners LLC. The sole member of Aquiline Capital Partners LLC is Aquiline Holdings LLC. The sole member of Aquiline Holdings LLC is Aquiline Holdings LP. The general partner of Aquiline Holdings LP is Aquiline Holdings GP Inc. The sole stockholder of Aquiline Holdings GP Inc. is Jeffrey W. Greenberg. Mr. Greenberg also serves as a managing principal of Aquiline Capital Partners LLC.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.87 to $45.85, inclusive. The reporting person undertakes to provide to Validus Holdings, Ltd., any security holder of Validus Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.52 to $45.91, inclusive. The reporting person undertakes to provide to Validus Holdings, Ltd., any security holder of Validus Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.31 to $45.84, inclusive. The reporting person undertakes to provide to Validus Holdings, Ltd., any security holder of Validus Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks
Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Greenberg may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed to be an admission that Mr. Greenberg is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.