SEC Form 4 · accession 0001547903-15-000084
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Curry Montgomery
Director
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 6:02 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 shareF1 | May 8, 2015 | M | 4,940 | $0.00 | A | 8,892 | D | |
| Class A Common Shares, $0.01 par value per shareF2 | May 8, 2015 | J | 2,360 | $0.00 | D | 6,532 | D | |
| Class A Common Shares, $0.01 par value per shareF3 | May 8, 2015 | J | 387 | $0.00 | D | 6,145 | 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)F1,F4 | — | May 8, 2015 | M | 4,940 | D | — | — | Class A Common Shares, $0.01 par value per share | 4,940 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The reporting person's employment arrangement requires him to transfer 2,360 shares of the 4,940 shares that vested on May 8, 2015 to Glendon Opportunities Fund, L.P. ("Glendon"). The reporting person held these shares for the benefit of Glendon and had no pecuniary interest in the shares.
- F3The reporting person's employment arrangement requires him to transfer 387 shares of the 4,940 shares that vested on May 8, 2015 to Altair Global Credit Opportunities Fund (A), LLC ("Altair"). The reporting person held these shares for the benefit of Altair and had no pecuniary interest in the shares.
- F4On May 8, 2014, the reporting person was granted 4,940 restricted stock units, vesting on the first anniversary of the grant date.