SEC Form 4 · accession 0000950138-16-001479
James River Group Holdings, Inc. · JRVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Schmitzer
Officer — Pres. & CEO - E&S Lines Sgmt
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 6:02 pm EST
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 | Nov 21, 2016 | M | 100,000 | $14.96 | A | 177,538 | D | |
| Common SharesF1 | Nov 21, 2016 | F | 66,571 | $41.45 | D | 110,967 | 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 | $14.96 | Nov 21, 2016 | M | 100,000 | D | — | Mar 2, 2018 | Common Share | 100,000 | 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.
- F2The option, representing the right to purchase 100,000 shares, became exercisable in four equal annual installments commencing on March 2, 2012.