SEC Form 4 · accession 0001562180-16-003113
VALIDUS HOLDINGS LTD · VR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Sangster
Officer — EVP & CFO
Period of report
Sep 6, 2016
Accepted (ET)
Sep 7, 2016 · 4:22 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 | Sep 6, 2016 | M | 17,393 | $18.13 | A | 182,252 | D | |
| Common StockF1 | Sep 6, 2016 | F | 6,218 | $0.00 | D | 176,034 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $18.13 | Sep 6, 2016 | M | 17,393 | D | — | Oct 16, 2016 | Common Stock | 17,393 | 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 are exercisable at any time prior to their expiration date.