SEC Form 4 · accession 0001547903-17-000102
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley M Shuster
Officer — CEO · Director
Period of report
Aug 2, 2017
Accepted (ET)
Aug 4, 2017 · 7:13 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 shareF2 | Aug 2, 2017 | S | 30,000 | $11.7893 | D | 220,000 | I | By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries |
| Class A Common Shares, $0.01 par value per shareF3 | Aug 3, 2017 | S | 30,000 | $11.7744 | D | 190,000 | I | By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries |
| Class A Common Shares, $0.01 par value per shareF4 | Aug 4, 2017 | S | 29,227 | $11.8678 | D | 160,773 | I | By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries |
| Class A Common Shares, $0.01 par value per shareF5 | holding | — | — | — | 471,165 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As part of Mr. Shuster's personal investment and financial planning needs, including individual asset diversification, Mr. Shuster sold a total of 89,227 shares of NMI Holdings, Inc. He completed these sales over the past 3 days.
- F2The common stock was sold by the reporting person in a series of open market transactions on the transaction date, with a volume weighted average sales price of $11.7893. The range of sale prices on the transaction date was $11.58 to $12.01 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- F3The common stock was sold by the reporting person in a series of open market transactions on the transaction date, with a volume weighted average sales price of $11.7744. The range of sale prices on the transaction date was $11.65 to $11.9250 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- F4The common stock was sold by the reporting person in a series of open market transactions on the transaction date, with a volume weighted average sales price of $11.8678. The range of sale prices on the transaction date was $11.75 to $11.9750 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- F5Represents 297,643 class A common shares and 173,522 unvested restricted stock units