SEC Form 4 · accession 0001547903-19-000039
NMI Holdings, Inc. · NMIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Claudia J Merkle
Officer — CEO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 7:20 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 | Mar 1, 2019 | M | 86,200 | $8.50 | A | 196,356 | D | |
| Class A Common Shares, $0.01 par value per shareF2,F3 | Mar 1, 2019 | S | 86,200 | $24.3104 | D | 110,156 | 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)F4 | $8.50 | Mar 1, 2019 | M | 86,200 | D | — | Feb 12, 2025 | Class A Common Shares, $0.01 par value per share | 86,200 | 0 | D |
Explanation of responses
- F1As part of Ms. Merkle's investment and financial planning needs, including individual asset diversification, Ms. Merkle sold a total of 86,200 shares of NMI Holdings, Inc.
- F2The common stock referred to in Footnote 1 was sold by the reporting person in a series of open market transactions on the transaction date at a volume weighted average sale price of $24.3104. The range of sale prices on the transaction date was $24.20 to $24.465. 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 32,401 class A common shares and 77,755 unvested restricted stock units.
- F4The option vested in full on February 12, 2018.