Gary Lloyd Ropiecki - 14 Mar 2022 Form 3 Insider Report for UNIVERSAL INSURANCE HOLDINGS, INC. (UVE)

Role: Principal Accounting Officer
Signature: /s/ Gary Ropiecki
Issuer symbol: UVE
Transactions as of: 14 Mar 2022
Net transactions value: $0
Form type: 3
Filing time: 21 Mar 2023, 21:52:54 UTC
Next filing: 21 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UVE	Common Stock						5,000	14 Mar 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	UVE	Stock Option (Right to Buy)							14 Mar 2022	Common Stock	7,500	$31.64	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 5,000 RSUs. Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 1,667 restricted shares that vested on December 17, 2022; (b) 1,667 restricted shares that vest on December 17, 2023; and (c) 1,666 restricted shares that vest on December 17, 2024.

Content

Represents 5,000 RSUs. Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 1,667 restricted shares that vested on December 17, 2022; (b) 1,667 restricted shares that vest on December 17, 2023; and (c) 1,666 restricted shares that vest on December 17, 2024.

Remarks:

This Form 3 is late due to a misunderstanding about whether the reporting person was considered to be an "officer" for reporting purposes pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended, since the Issuer determined that the reporting person was not an "executive officer" for reporting purposes pursuant to Item 401(b) of Regulation S-K. This Form 3 reflects the reporting person's beneficial ownership as of the date he was appointed as the Issuer's principal accounting officer, which occurred on March 14, 2022, as disclosed in the Current Report on Form 8-K filed by the Issuer on March 18, 2022.