SEC Form 4 · accession 0001348259-15-000066
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kean Driscoll
Officer — CEO, Validus Reinsurance, Ltd.
Period of report
Apr 15, 2015
Accepted (ET)
Apr 16, 2015 · 4:03 pm EDT
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 | Apr 15, 2015 | M | 1,781 | $16.54 | A | 117,112 | D | |
| Common Stock | Apr 15, 2015 | M | 1,493 | $23.48 | A | 118,605 | D | |
| Common StockF1,F2 | Apr 15, 2015 | S | 3,274 | $43.11 | D | 115,331 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF3,F4 | $16.54 | Apr 15, 2015 | M | 1,781 | D | — | Nov 15, 2015 | Common Stock | 1,781 | 0 | D |
| OptionsF3,F4 | $23.48 | Apr 15, 2015 | M | 1,493 | D | — | Mar 3, 2018 | Common Stock | 1,493 | 0 | D |
Explanation of responses
- F1This sale was made pursuant to a 10b5-1 program.
- F2These shares of common stock were sold at prices between $43.00 and $43.19. The reporting person will provide upon request by the SEC staff, the Issuer, or any security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F3These options were exercised pursuant to a 10b5-1 program.
- F4These options are exercisable at any time prior to their expiration date.