DeHeer George R 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Mar 21, 2013
Insider Transaction Report
Form 4
DeHeer George R
CFO & Principal Acct. Officer
Transactions
- Exercise/Conversion
Common Stock
2013-03-20$3.90/sh+2,050$7,995→ 2,050 total - Exercise/Conversion
Option to Purchase Common Stock
2013-03-20−20,000→ 0 totalExercise: $3.90From: 2009-05-16Exp: 2013-05-16→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Amount reflects the aggregate number of shares of Common Stock received after exercise of an option to purchase 20,000 shares of Common Stock. The exercise was a "cashless exercise" that covered the cost required for the exercise of the option and the tax withholdings associated with such exercise. The difference between the aggregate number of 20,000 shares underlying the option and the 2,050 shares ultimately acquired by the reporting person represents 17,950 shares withheld by the issuer at a market price of $4.60 per share to cover such costs.
- [F2]Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. De Heer, effective as of May 16, 2008.