Rajpal Sumit 4
4 · VALIDUS HOLDINGS LTD · Filed Dec 30, 2010
Insider Transaction Report
Form 4
Rajpal Sumit
Director
Transactions
- Purchase
Common Stock
2010-12-28$30.70/sh+593$18,205→ 9,635,375 total(indirect: See footnotes) - Sale
Common Stock
2010-12-28$30.69/sh−593$18,199→ 9,634,782 total(indirect: See footnotes)
Footnotes (2)
- [F1]The Reporting Person is a managing director of Goldman, Sachs & Co. ("Goldman Sachs"). Goldman Sachs is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. As of December 28, 2010, Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 9,634,782 shares of common stock of Validus Holdings, Ltd. (the "Company"), par value $0.175 per share (the "Common Stock"), by reason of the beneficial ownership of such shares by certain investment partnerships of which affiliates of Goldman Sachs and GS Group are the general partner, managing general partner or managing limited partner.
- [F2]The shares of Common Stock of the Company reported herein as indirectly purchased and sold were beneficially owned directly by Goldman Sachs and indirectly by GS Group. Without admitting any legal obligation, Goldman Sachs or another wholly-owned subsidiary of GS Group will remit appropriate profits, if any, to the Company.