SEC Form 4 · accession 0001547903-18-000119
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
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 7:29 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 4, 2018 | M | 150,000 | $10.00 | A | 643,056 | D | |
| Class A Common Shares, $0.01 par value per share | Sep 4, 2018 | F | 68,028 | $22.05 | D | 575,028 | D | |
| Class A Common Shares, $0.01 par value per shareF1 | Sep 5, 2018 | S | 70,598 | $21.2752 | D | 504,430 | D | |
| Class A Common Shares, $0.01 par value per shareF2,F3 | Sep 6, 2018 | S | 11,374 | $21.0502 | 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
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $10.00 | Sep 4, 2018 | M | 150,000 | D | — | Apr 24, 2022 | Class A Common Shares, $0.01 par value per share | 150,000 | 757,500 | 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 $21.2752. The range of sale prices on the transaction date was $20.75 to $22.15 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 volume weighted average sale price of $21.0502. The range of sale prices on the transaction date was $21.05 to $21.075. 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.
- F3Represents 389,201 class A common shares and 103,855 unvested restricted stock units.
- F4The option award vested in full on April 24, 2015.