SEC Form 4 · accession 0000905148-19-000430
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
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 8:00 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 StockF1,F2 | Mar 8, 2019 | A | 25,000 | $0.00 | A | 1,423,174 | D | |
| Common StockF3 | Mar 8, 2019 | F | 5,294 | $31.34 | D | 1,417,880 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These restricted stock units ("RSUs") were granted in connection with an Employment Agreement between the Company and Mr. Downes dated February 27, 2019.
- F2Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 12,500 RSUs vest on March 8, 2019, (b) 6,250 RSUs vest on June 1, 2019, and (c) 6,250 RSUs vest on December 1, 2019.
- F3These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of 12,500 RSUs on March 8, 2019.