SEC Form 4 · accession 0001140361-18-044320
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
Nov 28, 2018
Accepted (ET)
Nov 30, 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 | Nov 28, 2018 | M | 22,333 | $19.52 | A | 457,058 | D | |
| Common Stock | Nov 28, 2018 | M | 49,140 | $27.20 | A | 506,198 | D | |
| Common Stock | Nov 28, 2018 | F | 54,612 | $43.79 | D | 451,586 | 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 | $19.52 | Nov 28, 2018 | M | 22,333 | D | — | Feb 28, 2026 | Common Stock | 22,333 | 22,334 | D |
| Option to Purchase Common StockF3,F4 | $27.20 | Nov 28, 2018 | M | 49,140 | D | — | Jan 20, 2027 | Common Stock | 49,140 | 98,280 | 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) 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.
- F3Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Springer, effective as of January 20, 2017.
- F4This option is scheduled to vest as follows: (a) 49,140 shares vested on January 20, 2018, (b) 49,140 shares vest on January 20, 2019 and (c) 49,140 shares vest on January 20, 2020.