SEC Form 4 · accession 0000950138-17-000273
James River Group Holdings, Inc. · JRVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Patrick Myron
Officer — Pres. & COO
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 4:30 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 | Mar 2, 2017 | M | 70,000 | $14.96 | A | 180,769 | D | |
| Common SharesF1 | Mar 2, 2017 | F | 23,844 | $43.92 | D | 156,925 | D | |
| Common SharesF2 | Mar 2, 2017 | S | 46,156 | $42.44 | D | 110,769 | 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)F3 | $14.96 | Mar 2, 2017 | M | 70,000 | D | — | Mar 2, 2018 | Common Share | 70,000 | 130,000 | D |
Explanation of responses
- F1The shares disposed of were withheld by James River Group Holdings, Ltd. (the "Company") for payment of the exercise price incident to the exercise of the options referenced in Table II.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.15 to $43.11, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F325% of the share option vested immediately upon grant, and the remaining portion of the share option vested in three 25% increments on March 2 of each of the years 2012 through 2014.