SEC Form 4 · accession 0001348259-16-000269
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Boisvert
Officer — Group Chief Accounting Officer
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 4:51 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 StockF1 | Jun 1, 2016 | M | 1,498 | $0.00 | A | 2,323 | D | |
| Common StockF1 | Jun 1, 2016 | M | 1,775 | $0.00 | A | 4,098 | D | |
| Common StockF2 | Jun 1, 2016 | F | 185 | $0.00 | D | 3,913 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | — | Jun 1, 2016 | A | 5,135 | A | — | — | Common Stock | 5,135 | 5,135 | D |
| Restricted Stock UnitsF4 | — | Jun 1, 2016 | M | 1,498 | D | — | — | Common Stock | 1,498 | 4,497 | D |
| Restricted Stock UnitsF5 | — | Jun 1, 2016 | M | 1,775 | D | — | — | Common Stock | 1,775 | 3,552 | D |
| Restricted Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 29,013 | 29,013 | D |
Explanation of responses
- F1These shares of common stock are being issued as a result of the vesting of restricted share units.
- F2The Reporting person has had shares withheld by the Issuer in an amount sufficient to satisfy tax liability incurred upon the vesting of restricted stock units.
- F3This restricted stock unit award was granted on June 1, 2016 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.
- F4This restricted stock unit award was granted on June 1, 2015 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.
- F5This restricted stock unit award was granted on June 1, 2014 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.
- F6This restricted stock unit award was granted on June 1, 2014 and cliff vests on June 1, 2018. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.