SEC Form 4 · accession 0001547903-15-000020
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Pannes
Officer — EVP, Chief Sales Officer
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 7:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001547903
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $0.01 par value per shareF1 | Feb 12, 2015 | M | 1,733 | $0.00 | A | 5,131 | D | |
| Class A Common Shares, $0.01 par value per share | Feb 13, 2015 | S | 802 | $8.47 | D | 4,329 | 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 Unit (right to receive)F3 | $0.00 | Feb 12, 2015 | M | 1,733 | D | — | — | Class A Common Shares, $0.01 par value per share | 1,733 | 3,467 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Represents shares sold pursuant to a Sell-to-Cover Rule 10b5-1 trading plan adopted by the reporting person on December 16, 2014 to pay withholding taxes due in connection with the vesting of certain restricted stock units on February 12, 2015.
- F3Granted pursuant to the NMIH 2012 Stock Incentive Plan. The shares underlying these restricted stock units vest in three equal annual installments beginning on February 12, 2015.