SEC Form 4 · accession 0001547903-17-000127
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Norberg
Officer — Vice President, Controller
Period of report
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 7:08 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 share | Nov 2, 2017 | M | 4,000 | $11.75 | A | 32,305 | D | |
| Class A Common Shares, $0.01 par value per shareF1 | Nov 2, 2017 | S | 4,000 | $16.8025 | D | 28,305 | D | |
| Class A Common Shares, $0.01 par value per share | Nov 2, 2017 | M | 4,600 | $12.32 | A | 32,905 | D | |
| Class A Common Shares, $0.01 par value per shareF2 | Nov 2, 2017 | S | 4,600 | $16.8016 | D | 28,305 | D | |
| Class A Common Shares, $0.01 par value per share | Nov 2, 2017 | M | 8,000 | $10.00 | A | 36,305 | D | |
| Class A Common Shares, $0.01 par value per shareF3,F4 | Nov 2, 2017 | S | 8,000 | $16.65 | D | 28,305 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $12.32 | Nov 2, 2017 | M | 4,600 | D | — | Feb 12, 2024 | Class A Common Shares, $0.01 par value per share | 4,600 | 0 | D |
| Stock Option (right to buy)F5 | $11.75 | Nov 2, 2017 | M | 4,000 | D | — | Feb 14, 2023 | Class A Common Shares, $0.01 par value per share | 4,000 | 0 | D |
| Stock Option (right to buy)F5 | $10.00 | Nov 2, 2017 | M | 8,000 | D | — | Nov 7, 2022 | Class A Common Shares, $0.01 par value per share | 8,000 | 0 | D |
Explanation of responses
- F1The common stock was sold by the reporting person in a series of open market transactions on the transaction date with a weighted average sales price of $16.8025. The range of sale prices on the transaction date was $16.80 to to 16.825 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.
- F2The common stock was sold by the reporting person in a series of open market transactions on the transaction date with a weighted average sales price of $16.8016. The range of sale prices on the transaction date was $16.80 to to 16.825 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, each at a purchase price of $16.65. 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 transaction.
- F4Represents 28,305 restricted stock units.
- F5Granted pursuant to the NMI Holdings, Inc. 2012 Stock Incentive Plan. The option award was fully vested and exercisable.