SEC Form 4 · accession 0000905148-18-000916
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
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 8:00 pm EST
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 | Dec 7, 2018 | M | 100,000 | $8.01 | A | 1,419,141 | D | |
| Common Stock | Dec 7, 2018 | M | 75,000 | $24.18 | A | 1,494,141 | D | |
| Common Stock | Dec 7, 2018 | M | 216,666 | $27.20 | A | 1,710,807 | D | |
| Common Stock | Dec 7, 2018 | F | 284,314 | $41.41 | D | 1,426,493 | 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 StockF1,F2 | $8.01 | Dec 7, 2018 | M | 100,000 | D | — | Nov 12, 2020 | Common Stock | 100,000 | 0 | D |
| Option to Purchase Common StockF3,F4 | $24.18 | Dec 7, 2018 | M | 75,000 | D | — | Jun 15, 2022 | Common Stock | 75,000 | 50,000 | D |
| Option to Purchase Common StockF5,F6 | $27.20 | Dec 7, 2018 | M | 216,666 | D | — | Jan 20, 2027 | Common Stock | 216,666 | 433,334 | 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 November 12, 2013.
- F2The option vested in three equal annual installments of 100,000 shares each beginning on 11/12/2016.
- F3Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Downes, effective as of June 15, 2015.
- F4This option is scheduled to vest as follows: (a) 100,000 shares vested on June 15, 2016; (b) 75,000 shares vested on June 15, 2017; (c) 75,000 shares vested on June 15, 2018; and (d) 50,000 shares vest on June 15, 2019.
- F5Option 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.
- F6This option is scheduled to vest as follows: (a) 216,666 shares vested on January 20, 2018; (b) 216,667 shares vest on January 20, 2019; and (c) 216,667 shares vest on January 20, 2020.