SEC Form 4 · accession 0000905148-17-000100
UNIVERSAL INSURANCE HOLDINGS, INC. · UVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean P Downes
Officer — CEO · Director
Period of report
Jan 20, 2017
Accepted (ET)
Jan 24, 2017 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000891166
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF1,F2 | $27.20 | Jan 20, 2017 | A | 650,000 | A | — | Jan 20, 2027 | Common Stock | 650,000 | 650,000 | D |
Explanation of responses
- F1Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Downes, effective as of January 20, 2017.
- F2This option is scheduled to vest as follows: (a) 216,666 shares vest on January 20, 2018, (b) 216,667 shares vest on January 20, 2019 and (c) 216,667 shares vest on January 20, 2020.