NMI Holdings, Inc. — Director's Dealing 2017

Dec 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NMI Holdings, Inc. (NMIH)
CIK: 0001547903
Period of Report: 2017-12-05

Reporting Person: SHUSTER BRADLEY M (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-05	Class A Common Shares, $0.01 par value per share	M	165000	—	Acquired	722658	Direct
2017-12-05	Class A Common Shares, $0.01 par value per share	F	86097	$17.30	Disposed	636561	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-05	Restricted Stock Unit (right to receive)	$0.0	M	165000	Disposed	2022-04-24	Class A Common Shares, $0.01 par value per share (165000.0)	Direct

Footnotes

F1: 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 April 24, 2012 at a net settlement price equal to the closing stock price on December 5, 2017.

F2: Represents 463,039 class A common shares and 173,522 unvested restricted stock units.

F3: Granted pursuant to the NMI Holdings, Inc. 2012 Stock Incentive Plan on April 24, 2012. The shares underlying these restricted stock units were scheduled to vest when the per share price of NMIH common stock equaled or exceeded $16.00 for a 30-day trading period.