SEC Form 4 · accession 0001547903-18-000090
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
May 23, 2018
Accepted (ET)
May 25, 2018 · 8:09 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 | May 23, 2018 | S | 30,000 | $17.16 | D | 583,056 | D | |
| Class A Common Shares, $0.01 par value per shareF3 | May 24, 2018 | S | 30,000 | $17.01 | D | 553,056 | D | |
| Class A Common Shares, $0.01 par value per shareF4,F5 | May 25, 2018 | S | 60,000 | $17.02 | D | 493,056 | D | |
| Class A Common Shares, $0.01 par value per share | holding | — | — | — | 160,773 | I | By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries |
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 120,000 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 sale price of $17.16. The range of sale prices on the transaction date was $17.10 to $17.225 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 sale price of $17.01. The range of sale prices on the transaction date was $16.675 to $17.203 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 sale price of $17.02. The range of sale prices on the transaction date was $16.90 to $17.20 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 389,201 class A common shares and 103,855 unvested restricted stock units.