SEC Form 4 · accession 0001547903-15-000083

NMI Holdings, Inc. · NMIH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

May 8, 2015

Accepted (ET)

May 12, 2015 · 5:59 pm EDT

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 share^F1	May 8, 2015	M	4,940	$0.00	A	24,362	D
Class A Common Shares, $0.01 par value per share^F2	holding	—	—		—	5,496,500	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit (right to receive)^F1,F3	—	May 8, 2015	M	4,940	D	—	—	Class A Common Shares, $0.01 par value per share	4,940	0	D

F1Restricted stock units convert into common stock on a one-for-one basis.
F2Shares are managed by Hayman Capital Management, L.P. ("Hayman Capital Management") for other persons, including Hayman Capital Master Fund, L.P. ("HCMF") as set forth in a Schedule 13D filed with the Securities and Exchange Commission on November 18, 2013. Mr. Osmon is a managing director of Hayman Capital Management. The shares are indirectly owned by Mr. Osmon and beneficially owned by Hayman Capital Management, Hayman Investments, L.L.C. and Kyle J. Bass. In connection with Mr. Osmon's employment by Hayman Capital Management, HCMF may be deemed to beneficially own securities of the Issuer beneficially owned by Mr. Osmon. Each of the foregoing persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest in such securities, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.
F3On May 8, 2014, the reporting person was granted 4,940 restricted stock units, vesting on the first anniversary of the grant date.