SEC Form 4 · accession 0001348259-15-000035
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J. Noonan
Officer — Chairman and CEO · Director
Period of report
Mar 5, 2015
Accepted (ET)
Mar 6, 2015 · 4:03 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 Stock | Mar 5, 2015 | M | 782,652 | $16.54 | A | 1,701,171 | D | |
| Common StockF1 | Mar 5, 2015 | F | 311,255 | $0.00 | D | 1,389,916 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2,F3 | $16.54 | Mar 5, 2015 | M | 782,652 | D | — | Nov 15, 2015 | Common Stock | 782,652 | 0 | D |
Explanation of responses
- F1The Reporting person has had shares withheld by the Issuer in an amount sufficient to satisfy the exercise price of the options.
- F2These options were exercised pursuant to a 10b5-1 program.
- F3These options are exercisable at any time prior to their expiration date.