SEC Form 4 · accession 0001348259-15-000168
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
Nov 24, 2015
Accepted (ET)
Nov 27, 2015 · 4:18 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 | Nov 24, 2015 | M | 28,184 | $17.50 | A | 1,442,796 | D | |
| Common StockF1 | Nov 24, 2015 | F | 10,519 | $0.00 | D | 1,432,277 | D | |
| Common Stock | Nov 24, 2015 | M | 854 | $22.00 | A | 1,433,131 | D | |
| Common StockF1 | Nov 24, 2015 | F | 401 | $0.00 | D | 1,432,730 | 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 | Nov 24, 2015 | M | 28,184 | D | — | Dec 12, 2015 | Common Stock | 28,184 | 0 | D |
| Warrants (right to buy)F2 | $22.00 | Nov 24, 2015 | M | 855 | D | — | Dec 12, 2015 | Common Stock | 855 | 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 warrants.
- F2Warrants are exercisable at any time prior to Expiration Date.