SEC Form 4 · accession 0001140361-15-025091
UNIVERSAL INSURANCE HOLDINGS, INC. · UVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean P Downes
Officer — President and CEO · Director
Period of report
Jun 15, 2015
Accepted (ET)
Jun 22, 2015 · 8:24 pm EDT
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 | $24.18 | Jun 15, 2015 | A | 300,000 | A | — | Jun 15, 2022 | Common Stock | 300,000 | 300,000 | 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 June 15, 2015.
- F2This option is scheduled to vest as follows: (a) 100,000 shares vest on June 15, 2016; (b) 75,000 shares vest on June 15, 2017; (c) 75,000 shares vest on June 15, 2018; and (d) 50,000 shares vest on June 15, 2019.