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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | 06/01/2016 | A | 5,135 | (3) | (3) | Common Stock | 5,135 | $ 0 | 5,135 | D | ||||
Restricted Stock Units | (4) | 06/01/2016 | M | 1,498 | (4) | (4) | Common Stock | 1,498 | $ 0 | 4,497 | D | ||||
Restricted Stock Units | (5) | 06/01/2016 | M | 1,775 | (5) | (5) | Common Stock | 1,775 | $ 0 | 3,552 (5) | D | ||||
Restricted Stock Units | (6) | (6) | (6) | Common Stock | 29,013 | 29,013 (6) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Boisvert Patrick C/O VALIDUS HOLDINGS, LTD. 29 RICHMOND ROAD PEMBROKE, D0 HM08 |
Group Chief Accounting Officer |
/s/ Patrick Boisvert | 06/02/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares of common stock are being issued as a result of the vesting of restricted share units. |
(2) | The Reporting person has had shares withheld by the Issuer in an amount sufficient to satisfy tax liability incurred upon the vesting of restricted stock units. |
(3) | This restricted stock unit award was granted on June 1, 2016 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. |
(4) | This restricted stock unit award was granted on June 1, 2015 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. |
(5) | This restricted stock unit award was granted on June 1, 2014 and vests 25% on each of the following four anniversaries of the grant date. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. |
(6) | This restricted stock unit award was granted on June 1, 2014 and cliff vests on June 1, 2018. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. |