NMI Holdings, Inc. 4
4 · NMI Holdings, Inc. · Filed May 15, 2017
Insider Transaction Report
Form 4
Montgomery Michael Curry
Director
Transactions
- Award
Restricted Stock Unit (right to receive)
2017-05-11+7,239→ 13,384 total - Exercise/Conversion
Class A Common Shares, $0.01 par value per share
2017-05-12$10.85/sh−8,169$88,634→ 13,384 total - Exercise/Conversion
Phantom Stock
2017-05-12−8,169→ 0 totalExercise: $0.00From: 2017-05-12Exp: 2017-05-12→ Class A Common Shares, $0.01 par value per share (8,169 underlying)
Footnotes (4)
- [F1]Represents restricted stock units granted pursuant to the Amended and Restated 2014 Omnibus Incentive Plan on May 11, 2017. The restricted stock units vest on the first anniversary of the grant date.
- [F2]This transaction represents a deemed sale of underlying stock to the issuer by the reporting person and settlement of phantom stock for cash. No shares of stock were issued to the reporting person.
- [F3]Represents 6,145 class A common shares and 7,239 unvested restricted stock units.
- [F4]Each share of phantom stock is the economic equivalent of one share of NMIH common stock.