SEC Form 4 · accession 0001547903-17-000073
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 11, 2017
Accepted (ET)
May 15, 2017 · 5:21 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (right to receive)F1 | May 11, 2017 | A | 7,239 | $0.00 | A | 13,384 | D | |
| Class A Common Shares, $0.01 par value per shareF2,F3 | May 12, 2017 | M | 8,169 | $10.85 | D | 13,384 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4 | $0.00 | May 12, 2017 | M | 8,169 | D | May 12, 2017 | May 12, 2017 | Class A Common Shares, $0.01 par value per share | 8,169 | 0 | D |
Explanation of responses
- F1Represents restricted stock units granted pursuant to the Amended and Restated 2014 Omnibus Incentive Plan on May 11, 2017. The restricted stock units vest on the first anniversary of the grant date.
- F2This transaction represents a deemed sale of underlying stock to the issuer by the reporting person and settlement of phantom stock for cash. No shares of stock were issued to the reporting person.
- F3Represents 6,145 class A common shares and 7,239 unvested restricted stock units.
- F4Each share of phantom stock is the economic equivalent of one share of NMIH common stock.