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Filing Details

Accession Number:: 0001547903-20-000002
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-06 20:05:20
Reporting Period:: 2020-01-02

Accepted Time:: 2020-01-06 20:05:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1547903	Nmi Holdings Inc.	NMIH	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1052831	M Bradley Shuster	C/O Nmi Holdings, Inc. 2100 Powell Street 12Th Fl. Emeryville CA 94608	Executive Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

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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	2020-01-02	25,625	$10.00	517,927	No	4	M	Direct
Class A Common Shares, $0.01 Par Value Per Share	Disposition	2020-01-02	25,625	$32.03	492,302	No	4	S	Direct
Class A Common Shares, $0.01 Par Value Per Share	Disposition	2020-01-02	25,116	$32.17	47,150	No	4	S	Indirect	By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries
Class A Common Shares, $0.01 Par Value Per Share	Acquisiton	2020-01-03	25,625	$10.00	517,927	No	4	M	Direct
Class A Common Shares, $0.01 Par Value Per Share	Disposition	2020-01-03	25,625	$32.24	492,302	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Shares, $0.01 Par Value Per Share	Stock Option (right to buy)	Disposition	2020-01-02	25,625	$0.00	25,625	$10.00
Class A Common Shares, $0.01 Par Value Per Share	Stock Option (right to buy)	Disposition	2020-01-03	25,625	$0.00	25,625	$10.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
25,625		2022-04-24	No	4	M	Direct
0		2022-04-24	No	4	M	Direct

Footnotes

Mr. Shuster has adopted a 10b5-1 Plan. This 10b5-1 Plan allows for the orderly disposition of a portion of shares owned by Mr. Shuster as part of his investment and financial planning needs, including individual asset diversification. The shares were sold pursuant to the 10b5-1 Plan.
The 25,625 shares were sold by the reporting person in a series of open market transactions on the transaction date at a weighted average sale price of $32.0252. The range of sale prices was $31.70 to $33.21. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
The 25,116 shares were sold by the reporting person in a series of open market transactions on the transaction date at a weighted average sale price of $32.1655. The range of sale prices was $31.63 to $33.27. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
The 25,625 shares were sold by the reporting person in a series of open market transactions on the transaction date at a weighted average sale price of $32.2362. The range of sale prices was $32.20 to $32.29. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
Represents 428,159 class A common shares and 64,143 unvested restricted stock units.
The option vested in full on April 24, 2015.