SEC Form 4 · accession 0001562180-18-002878
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, 2018
Accepted (ET)
Jun 5, 2018 · 4:17 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, 2018 | M | 30,852 | $0.00 | A | 41,232 | D | |
| Common StockF1 | Jun 1, 2018 | M | 1,888 | $0.00 | A | 43,120 | D | |
| Common StockF1 | Jun 1, 2018 | M | 1,594 | $0.00 | A | 44,714 | D | |
| Common StockF1 | Jun 1, 2018 | M | 1,365 | $0.00 | A | 46,079 | 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 UnitsF2 | $0.00 | Jun 1, 2018 | M | 30,853 | D | Jun 1, 2018 | Jul 1, 2024 | Common Stock | 30,853 | 0 | D |
| Restricted Share UnitsF3 | $0.00 | Jun 1, 2018 | M | 1,889 | D | — | Jul 1, 2024 | Common Stock | 1,889 | 0 | D |
| Restricted Share UnitsF4 | $0.00 | Jun 1, 2018 | M | 1,594 | D | — | Jun 1, 2025 | Common Stock | 1,594 | 1,594 | D |
| Restricted Share UnitsF5 | $0.00 | Jun 1, 2018 | M | 1,365 | D | — | Jun 1, 2026 | Common Stock | 1,365 | 2,731 | D |
Explanation of responses
- F1These shares of common stock are being issued as a result of the vesting of restricted share units. Fractional amounts have been cancelled.
- F2This restricted share unit award was granted on July 1, 2014 and cliff vests on June 1, 2018. Each restricted share unit represents the right to receive, at settlement, one (1) share of common stock.
- F3This restricted share unit award was granted on July 1, 2014 and vests 25% on each of the following four anniversaries. Each restricted share unit represents the right to receive, at settlement, one (1) share of common stock.
- F4This restricted share unit award was granted on June 1, 2015 and vests 25% on each of the following four anniversaries of the grant date. Each restricted share unit represents the right to receive, at settlement, one (1) share of common stock.
- F5This restricted share unit award was granted on June 1, 2016 and vests 25% on each of the following four anniversaries of the grant date. Each restricted share unit represents the right to receive, at settlement, one (1) share of common stock.