SEC Form 4 · accession 0000950138-15-000435
James River Group Holdings, Inc. · JRVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg T Davis
Officer — Chief Financial Officer
Period of report
Jul 3, 2015
Accepted (ET)
Jul 6, 2015 · 7:10 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620459
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jul 2, 2015 | M | 175,000 | $15.65 | A | 236,569 | D | |
| Common SharesF1 | Jul 2, 2015 | F | 137,405 | $26.56 | D | 99,164 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Share Option (Right to Buy)F2 | $15.65 | Jul 2, 2015 | M | 175,000 | D | — | Apr 7, 2016 | Common Share | 175,000 | 0 | D |
Explanation of responses
- F1The shares disposed of were withheld by James River Group Holdings, Ltd. for payment of the exercise price and tax liability incident to the exercise of the option referenced in Table II.
- F225% of the share option vested immediately upon grant, and the remaining portion of the share option vested in three 25% increments on April 7 of each of the years 2010 through 2012.