UNIVERSAL INSURANCE HOLDINGS, INC. 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Sep 23, 2013
Insider Transaction Report
Form 4
DeHeer George R
CFO & Principal Acct. Officer
Transactions
- Exercise/Conversion
Option to Purchase Common Stock
2013-09-20−75,000→ 0 totalExercise: $4.70From: 2013-06-23Exp: 2018-06-23→ Common Stock (75,000 underlying) - Exercise/Conversion
Common Stock
2013-09-20$4.70/sh+19,692$92,552→ 21,742 total
Footnotes (2)
- [F1]Amount reflects the aggregate number of shares of Common Stock received after exercise of an option to purchase 75,000 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 75,000 shares underlying the option and the 19,692 shares ultimately acquired by the reporting person represents 55,308 shares withheld by the issuer at a market price of $7.36 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 June 23, 2011.