SEC Form 4 · accession 0001547903-18-000109
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Leatherberry
Officer — EVP, General Counsel
Period of report
Aug 14, 2018
Accepted (ET)
Aug 16, 2018 · 7:08 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 share | Aug 14, 2018 | M | 10,000 | $9.45 | A | 157,374 | D | |
| Class A Common Shares, $0.01 par value per shareF1 | Aug 14, 2018 | S | 10,000 | $21.5801 | D | 147,374 | D | |
| Class A Common Shares, $0.01 par value per share | Aug 14, 2018 | M | 14,272 | $9.45 | A | 161,646 | D | |
| Class A Common Shares, $0.01 par value per shareF2 | Aug 14, 2018 | S | 14,272 | $21.80 | D | 147,374 | D | |
| Class A Common Shares, $0.01 par value per share | Aug 15, 2018 | M | 628 | $9.45 | A | 148,002 | D | |
| Class A Common Shares, $0.01 par value per shareF3 | Aug 15, 2018 | S | 628 | $21.95 | D | 147,374 | D | |
| Class A Common Shares, $0.01 par value per share | Aug 15, 2018 | M | 700 | $8.50 | A | 148,074 | D | |
| Class A Common Shares, $0.01 par value per shareF4 | Aug 15, 2018 | S | 700 | $22.00 | D | 147,374 | D | |
| Class A Common Shares, $0.01 par value per share | Aug 16, 2018 | M | 100 | $9.45 | A | 147,474 | D | |
| Class A Common Shares, $0.01 par value per shareF5 | Aug 16, 2018 | S | 100 | $21.9038 | D | 147,374 | D | |
| Class A Common Shares, $0.01 par value per share | Aug 16, 2018 | M | 19,300 | $8.50 | A | 166,674 | D | |
| Class A Common Shares, $0.01 par value per shareF6,F7 | Aug 16, 2018 | S | 19,300 | $21.9038 | D | 147,374 | 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)F8 | $9.45 | Aug 14, 2018 | M | 10,000 | D | — | Sep 10, 2024 | Class A Common Shares, $0.01 par value per share | 10,000 | 48,850 | D |
| Stock Option (right to buy)F8 | $9.45 | Aug 14, 2018 | M | 14,272 | D | — | Sep 10, 2024 | Class A Common Shares, $0.01 par value per share | 14,272 | 34,578 | D |
| Stock Option (right to buy)F8 | $9.45 | Aug 15, 2018 | M | 628 | D | — | Sep 10, 2024 | Class A Common Shares, $0.01 par value per share | 628 | 33,950 | D |
| Stock Option (right to buy)F9 | $8.50 | Aug 15, 2018 | M | 700 | D | — | Feb 12, 2025 | Class A Common Shares, $0.01 par value per share | 700 | 94,500 | D |
| Stock Option (right to buy)F8 | $9.45 | Aug 16, 2018 | M | 100 | D | — | Sep 10, 2024 | Class A Common Shares, $0.01 par value per share | 100 | 33,850 | D |
| Stock Option (right to buy)F9 | $8.50 | Aug 16, 2018 | M | 19,300 | D | — | Feb 12, 2025 | Class A Common Shares, $0.01 par value per share | 19,300 | 75,200 | 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 volume weighted average sale price of $21.5801. The range of sale prices on the transaction date was $21.55 to $21.75. 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, each at a sale price of 21.80. 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.
- F3The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.95. 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.
- F4The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $22.00. 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.
- F5The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.9038. 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.
- F6The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.9038. 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.
- F7Represents 86,886 class A common shares and 60,488 unvested restricted stock units.
- F8The stock option award vested in full on September 10, 2017.
- F9The stock option award vested in full on February 12, 2018.