0001547903-20-000025.txt : 20200214 0001547903-20-000025.hdr.sgml : 20200214 20200214181443 ACCESSION NUMBER: 0001547903-20-000025 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200212 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHUSTER BRADLEY M CENTRAL INDEX KEY: 0001052831 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36174 FILM NUMBER: 20622414 MAIL ADDRESS: STREET 1: 2100 POWELL STREET STREET 2: 12TH FLOOR CITY: EMERYVILLE STATE: CA ZIP: 94608 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NMI Holdings, Inc. CENTRAL INDEX KEY: 0001547903 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 454914248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2100 POWELL STREET, 12TH FLOOR CITY: EMERYVILLE STATE: CA ZIP: 94608 BUSINESS PHONE: (855) 530-6642 MAIL ADDRESS: STREET 1: 2100 POWELL STREET, 12TH FLOOR CITY: EMERYVILLE STATE: CA ZIP: 94608 4 1 wf-form4_158172206633422.xml FORM 4 X0306 4 2020-02-12 0 0001547903 NMI Holdings, Inc. NMIH 0001052831 SHUSTER BRADLEY M C/O NMI HOLDINGS, INC. 2100 POWELL STREET 12TH FL. EMERYVILLE CA 94608 1 1 0 0 Executive Chairman Restricted Stock Unit (right to receive) 2020-02-12 4 A 0 38693 0 A 527239 D Class A Common Shares, $0.01 par value per share 2020-02-12 4 A 0 160472 0 A 687711 D Class A Common Shares, $0.01 par value per share 2020-02-12 4 F 0 79563 0 D 608148 D Class A Common Shares, $0.01 par value per share 2020-02-13 4 F 0 8097 0 D 600051 D Class A Common Shares, $0.01 par value per share 47150 I By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan on February 12, 2020. The restricted stock units vest in three equal annual installments beginning on February 12, 2021. In 2017, the reporting person was granted a multi-year performance-based RSU award ("PRSU Award"), split into two tranches of 128,378 RSUs each ("Tranche I and Tranche II"). The number of shares earned upon vesting could range from 0 to 125% of the applicable Tranche depending on the actual ROE achieved. On February 12, 2020, the Compensation Committee of the Issuer determined that the performance criteria for Tranche II had been achieved at 125% resulting in the vesting of Tranche II as reported. Represents shares withheld by NMIH to satisfying withholding taxes due in connection with Tranche II of the reporting person's PRSU Award at a net settlement price equal to the closing stock price on February 12, 2020. Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of certain restricted stock units granted to the reporting person on February 13, 2019, at a net settlement price equal to the closing stock price on February 13, 2020. Such restricted stock units vest in three equal annual installments beginning on February 13, 2020. Represents 521,120 class A common shares and 78,931 unvested restricted stock units. /s/ Nicole C. Sanchez as Attorney-in-Fact 2020-02-14