SEC Form 4 · accession 0001140361-16-058169
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 15, 2016
Accepted (ET)
Mar 17, 2016 · 1:54 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 StockF2 | Mar 15, 2016 | F | 209,750 | $18.58 | D | 1,303,086 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Code F represents payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
- F2Mr. Downes elected to satisfy the statutory tax withholding obligation upon the vesting of 500,000 shares of restricted common stock of Universal Insurance Holdings, Inc. (the "Company") by having the Company withhold a number of vested shares of common stock having a value equal to the amount of the withholding obligation.