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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1547903	Nmi Holdings Inc.	NMIH	Surety Insurance (6351)	454914248

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1591053	J Claudia Merkle	C/O Nmi Holdings, Inc. 2100 Powell Street, 12Th Fl. Emeryville CA 94608	Evp, Chief Insurance Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Shares, $0.01 Par Value Per Share	Acquisiton	2014-11-07	1,667	$0.00	3,032	No	4	M	Direct
Class A Common Shares, $0.01 Par Value Per Share	Disposition	2014-11-10	537	$9.64	2,495	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Shares, $0.01 Par Value Per Share	Restricted Stock Unit (right to receive)	Disposition	2014-11-07	1,667	$0.00	1,667	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,111			No	4	M	Direct

Footnotes

Restricted stock units convert into common stock on a one-for-one basis.
Represents shares sold pursuant to a Sell-to-Cover Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2014 to pay withholding taxes due in connection with the vesting of certain restricted stock units on November 7, 2014.
Granted pursuant to the NMI Holdings, Inc. 2012 Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one NMI Holdings, Inc. common share upon vesting and settlement. The restricted stock unit award is scheduled to vest as follows: (i) 1,667 units will vest based on continued service on the second anniversary date following the grant date, on November 7, 2014, (ii) 1,666 units will vest based on continued service on the third anniversary date following the grant date, on November 7, 2015, (iii) 2,224 units will vest after the per share stock price equals or exceeds $14.00 for a 30-day trading period, and (iv) 2,221 units will vest after the per share stock price equals or exceeds $16.00 for a 30-day trading period.