SEC Form 4 · accession 0001104659-18-010419
Walker & Dunlop, Inc. · WD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard C Warner
Officer — EVP & Chief Credit Officer
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497770
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2018 | A | 9,887 | $0.00 | A | 84,672 | D | |
| Common StockF1 | Feb 14, 2018 | A | 6,921 | $0.00 | A | 51,852 | I | By Spouse |
| Common StockF3 | Feb 14, 2018 | S | 1,000 | $49.039 | D | 83,672 | D | |
| Common Stock | Feb 15, 2018 | F | 7,277 | $51.42 | D | 76,395 | D | |
| Common Stock | Feb 15, 2018 | F | 5,087 | $51.42 | D | 46,765 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF4,F5 | — | Feb 14, 2018 | A | 1,483 | A | — | — | Common Stock | 1,483 | 1,483 | I |
| Restricted Stock UnitsF6,F7 | — | Feb 14, 2018 | A | 741 | A | — | — | Common Stock | 741 | 741 | I |
Explanation of responses
- F1The restricted stock vests in three equal annual installments beginning on February 15, 2019.
- F2The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.98 to $49.09. The reporting person undertakes to provide Walker & Dunlop, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
- F5The deferred stock units are fully vested and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.
- F6Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
- F7The restricted stock units will be settled in shares of the Issuer's common stock on March 15 in the third calendar year following the grant date, subject to vesting acceleration pursuant to the Plan.