SEC Form 4 · accession 0000899243-17-000124
Green Brick Partners, Inc. · GRBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R. Brickman
Officer — Chief Executive Officer · Director
Period of report
Jan 2, 2017
Accepted (ET)
Jan 3, 2017 · 7:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2017 | A | 32,085 | $0.00 | A | 1,557,704 | D | |
| Common Stock | Jan 2, 2017 | F | 12,706 | $9.35 | D | 1,544,998 | D | |
| Common StockF2 | holding | — | — | — | 100,968 | I | By Roger E. Brickman GST Marital Trust | |
| Common StockF3 | holding | — | — | — | 15,000 | I | By Brickman Living Trust | |
| Common StockF4 | holding | — | — | — | 93,468 | I | By L. Loraine Brickman Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 2, 2017, Green Brick Partners, Inc. (the "Issuer") granted a discretionary stock bonus award under the Issuer's 2014 Omnibus Equity Incentive Plan to James R. Brickman, the Issuer's Chief Executive Officer, pursuant to which the Issuer issued 32,085 shares of the Issuer's common stock to Mr. Brickman. The shares of common stock granted were fully vested upon issuance and the Issuer withheld 12,706 of the shares of common stock granted to satisfy required tax withholding in respect of the stock bonus award as was approved by the Compensation Committee of the Issuer's Board of Directors. The shares of common stock granted to Mr. Brickman were valued at $9.35 per share, the closing price per share of the Issuer's common stock on December 5, 2016.
- F2Mr. Brickman may be deemed to indirectly beneficially own shares of common stock of the Issuer directly held by the Roger E. Brickman GST Marital Trust (the "Marital Trust") by virtue of his position as a co-trustee of the Marital Trust. Mr. Brickman disclaims beneficial ownership of the shares of common stock of the Issuer directly held by the Marital Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Brickman is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- F3Mr. Brickman may be deemed to indirectly beneficially own shares of common stock of the Issuer directly held by the Brickman Living Trust (the "Living Trust") by virtue of his position as the trustee of the Living Trust. Mr. Brickman disclaims beneficial ownership of the shares of common stock of the Issuer directly held by the Living Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Brickman is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- F4Mr. Brickman may be deemed to indirectly beneficially own shares of common stock of the Issuer directly held by the L. Loraine Brickman Revocable Trust (the "Revocable Trust") by virtue of his position as a co-trustee of the Revocable Trust. Mr. Brickman disclaims beneficial ownership of the shares of common stock of the Issuer directly held by the Revocable Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Brickman is the beneficial owner of such securities for purposes of Section 16 or any other purpose.