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