X0306 4 2015-12-30 0 0001348259 VALIDUS HOLDINGS LTD VR 0001407193 Greenberg Jeffrey W. 535 MADISON AVENUE, 24TH FLOOR NEW YORK NY 10022 1 0 0 0 Common Shares 2015-12-30 4 S 0 49825 46.96 D 1473011 I See Footnotes Common Shares 2015-12-31 4 S 0 49825 46.52 D 1423186 I See Footnotes Common Shares 2015-12-30 4 S 0 2261 46.96 D 66960 I See Footnotes Common Shares 2015-12-31 4 S 0 2260 46.52 D 64700 I See Footnotes Common Shares 2015-12-30 4 S 0 1261 46.96 D 37353 I See Footnotes Common Shares 2015-12-31 4 S 0 1261 46.52 D 36092 I See Footnotes Common Shares 2015-12-30 4 S 0 195 46.96 D 5758 D Common Shares 2015-12-31 4 S 0 195 46.52 D 5563 D The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans. These securities are held by Aquiline Capital Partners LLC. These securities are held by Aquiline Financial Services Fund L.P. These securities are held by Aquiline Financial Services Fund (Offshore) L.P. The investment manager of each of Aquiline Financial Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. is Aquiline Capital Partners LLC. The sole member of Aquiline Capital Partners LLC is Aquiline Holdings LLC. The sole member of Aquiline Holdings LLC is Aquiline Holdings LP. The general partner of Aquiline Holdings LP is Aquiline Holdings GP Inc. The sole stockholder of Aquiline Holdings GP Inc. is Jeffrey W. Greenberg. Mr. Greenberg also serves as a managing principal of Aquiline Capital Partners LLC. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.79 to $47.14, inclusive. The reporting person undertakes to provide to Validus Holdings, Ltd., any security holder of Validus Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.27 to $46.73, inclusive. The reporting person undertakes to provide to Validus Holdings, Ltd., any security holder of Validus Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Greenberg may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed to be an admission that Mr. Greenberg is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount. /s/ Ezra Berger, as Attorney-in-fact 2016-01-04