SEC Form 4 · accession 0001562180-17-002181
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, 2017
Accepted (ET)
Jun 5, 2017 · 4:18 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, 2017 | M | 1,824 | $0.00 | A | 5,714 | D | |
| Common StockF1 | Jun 1, 2017 | M | 1,539 | $0.00 | A | 7,253 | D | |
| Common StockF1 | Jun 1, 2017 | M | 1,318 | $0.00 | A | 8,571 | D | |
| Common Stock | Jun 1, 2017 | A | 2,809 | $0.00 | A | 11,380 | D | |
| Common StockF2,F3 | Jun 2, 2017 | S | 1,000 | $53.40 | D | 10,380 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4 | $0.00 | Jun 1, 2017 | M | 1,824 | D | — | Jul 1, 2024 | Common Stock | 1,824 | 1,825 | D |
| Restricted Share UnitsF5 | $0.00 | Jun 1, 2017 | M | 1,540 | D | — | Jun 1, 2025 | Common Stock | 1,540 | 3,081 | D |
| Restricted Share UnitsF6 | $0.00 | Jun 1, 2017 | M | 1,318 | D | — | Jun 1, 2026 | Common Stock | 1,318 | 3,958 | D |
Explanation of responses
- F1These shares of common stock are being issued as a result of the vesting of restricted share units.
- F2This transaction was executed in multiple trades at prices ranging from $53.36 USD to $53.41 USD; the price reported above reflects the weighted average sale price.
- F3The Reporting person is selling shares in an amount sufficient to satisfy tax liability incurred upon the vesting of restricted share units.
- F4This restricted stock stock unit award was granted on July 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.
- F5This 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.
- F6This 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.