SEC Form 4 · accession 0000905148-18-000414
UNIVERSAL INSURANCE HOLDINGS, INC. · UVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Springer
Officer — President and CRO · Director
Period of report
Apr 4, 2018
Accepted (ET)
Apr 6, 2018 · 12:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000891166
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 4, 2018 | M | 165,016 | $19.52 | A | 640,437 | D | |
| Common Stock | Apr 4, 2018 | M | 22,333 | $19.52 | A | 662,770 | D | |
| Common Stock | Apr 4, 2018 | F | 147,119 | $32.25 | D | 515,651 | D |
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 Stock (Right to Buy)F1,F2 | $19.52 | Apr 4, 2018 | M | 165,016 | D | — | Feb 28, 2026 | Common Stock | 165,016 | 82,509 | D |
| Option to Purchase Common Stock (Right to Buy)F1,F3 | $19.52 | Apr 4, 2018 | M | 22,333 | D | — | Feb 28, 2026 | Common Stock | 22,333 | 44,667 | D |
Explanation of responses
- F1Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Springer, effective as of February 29, 2016.
- F2This option is scheduled to vest as follows: (a) 82,508 shares vested on January 15, 2017, (b) 82,508 shares vested on January 15, 2018 and (c) 82,509 shares vest on January 15, 2019.
- F3This option is scheduled to vest as follows: (a) 22,333 shares vested on February 28, 2017, (b) 22,333 shares vested on February 28, 2018 and (c) 22,334 shares vest on February 28, 2019.