SEC Form 4 · accession 0001547903-18-000117
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Claudia J Merkle
Officer — President
Period of report
Sep 5, 2018
Accepted (ET)
Sep 6, 2018 · 7:27 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 | Sep 5, 2018 | M | 76,000 | $12.32 | A | 162,195 | D | |
| Class A Common Shares, $0.01 par value per shareF1,F2 | Sep 5, 2018 | S | 76,000 | $21.2603 | D | 86,195 | 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)F3 | $12.32 | Sep 5, 2018 | M | 76,000 | D | — | Feb 12, 2024 | Class A Common Shares, $0.01 par value per share | 76,000 | 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 volume weighted average sales price of $21.2603. The range of sale prices on the transaction date was $20.75 to $22.20 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.
- F2Represents 7,317 class A common shares and 78,878 unvested restricted stock units.
- F3The option award vested in full on February 12, 2017.