MEIER BRADLEY I 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Dec 20, 2011
Insider Transaction Report
Form 4
MEIER BRADLEY I
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Common Stock
2011-12-16$0.60/sh+80,114$48,068→ 13,360,796 total - Exercise/Conversion
Options to Purchase Common Stock
2011-12-16−150,000→ 0 totalExercise: $0.60From: 2001-12-21Exp: 2011-12-21→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]Amount reflects aggregate number of shares of Common Stock received after exercise of options to purchase 150,000 shares of Common Stock. The exercise was a "cashless exercise" that covered the cost required for the exercise of the options and the statutory tax liability associated with such exercise. The difference between the aggregate number of 150,000 shares underlying the options and the 80,114 shares ultimately acquired by the reporting person represents 69,886 shares withheld by the issuer at a market price of $3.76 per share to cover such costs.