SEC Form 4 · accession 0001562180-17-000217
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
Dec 30, 2016
Accepted (ET)
Jan 10, 2017 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348259
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 30, 2016 | A | 187 | A | — | — | Common Stock | 187 | 29,614 | D |
| Restricted Stock UnitsF1,F2 | — | Dec 30, 2016 | A | 23 | A | — | — | Common Stock | 23 | 3,625 | D |
| Restricted Stock UnitsF1,F3 | — | Dec 30, 2016 | A | 29 | A | — | — | Common Stock | 29 | 4,590 | D |
| Restricted Stock UnitsF1,F4 | — | Dec 30, 2016 | A | 33 | A | — | — | Common Stock | 33 | 5,241 | D |
Explanation of responses
- F1Restricted Stock Unit (RSU) represents the right to receive upon settlement a share of Common Stock.
- F2RSUs were issued as dividend equivalents on holder's unvested underlying RSUs issued on June 1, 2014 (and dividend equivalents subsequently issued theron). The dividend equivalent RSUs will vest concurrently with the vesting of the unvested underlying RSUs.
- F3RSUs were issued as dividend equivalents on holder's unvested underlying RSUs issued on June 1, 2015 (and dividend equivalents subsequently issued thereon). The dividend equivalent RSUs will vest concurrently with the vesting of the unvested underlying RSUs.
- F4RSUs were issued as dividend equivalents on holder's unvested underlying RSUs issued on June 1, 2016 (and divident equivalents subsequently issued thereon). The dividend equivalent RSUs will vest concurrently with the vesting of the unvested underlying RSUs.