SEC Form 4 · accession 0001209191-17-065701
WILLIAM LYON HOMES · WLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William H Lyon
Officer — Executive Chairman · Director · 10% Owner
Period of report
Dec 14, 2017
Accepted (ET)
Dec 14, 2017 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095996
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F1 | — | Dec 14, 2017 | P | 131,645 | A | — | — | Class A Common Stock | 131,645 | 3,945,529 | I |
| Class B Common StockF2,F1 | — | Dec 14, 2017 | P | 871,865 | A | — | — | Class A Common Stock | 871,865 | 4,817,394 | I |
Explanation of responses
- F1Shares of Class B Common Stock have no expiration date and, subject to certain events, are automatically convertible on a one-for-one basis into shares of Class A Common Stock.
- F2Held by Lyon Shareholder 2012, LLC ("Lyon LLC"). The members of Lyon LLC are the William Harwell Lyon Separate Property Trust established July 28, 2000 (the "Lyon Separate Property Trust"), the Lyon Shareholder 2012 Irrevocable Trust No. 1 established December 24, 2012, and the Lyon Shareholder 2012 Irrevocable Trust No. 2 established December 24, 2012 (collectively with the Lyon Separate Property Trust, the "Lyon Trusts"). The Reporting Person is the manager of Lyon LLC and the trustee of the Lyon Separate Property Trust, and in such capacities, has voting and investment power with respect to securities held by Lyon LLC and the Lyon Separate Property Trust. The Reporting Person is also the beneficiary of each of the Lyon Trusts.