SEC Form 4 · accession 0001104659-18-018659
Walker & Dunlop, Inc. · WD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard W Smith III
Officer — President · Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 5:01 pm EDT
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 | Mar 15, 2018 | M | 35,942 | $0.00 | A | 773,206 | D | |
| Common Stock | Mar 15, 2018 | F | 16,800 | $53.50 | D | 756,406 | D | |
| Common Stock | holding | — | — | — | 4,764 | I | As Custodian for Daughter 1 | |
| Common Stock | holding | — | — | — | 4,764 | I | By ADS 2015 Trust | |
| Common Stock | holding | — | — | — | 4,560 | I | By HWS IV 2012 Trust | |
| Common Stock | holding | — | — | — | 4,764 | I | By MHS 2010 Trust | |
| Common Stock | holding | — | — | — | 4,422 | I | By MMAS 2008 Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F3 | — | Mar 15, 2018 | M | 23,923 | D | — | — | Common Stock | 23,923 | 0 | D |
| Restricted Stock UnitsF4,F5 | — | Mar 15, 2018 | M | 11,961 | D | — | — | Common Stock | 11,961 | 0 | D |
| Dividend Equivalent RightsF6 | — | Mar 15, 2018 | M | 58 | D | — | — | Common Stock | 58 | 102 | D |
Explanation of responses
- F1The Reporting Person received cash in lieu of delivery of fractional shares upon vesting of the dividend equivalent rights.
- F2Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
- F3The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2018 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.
- F4Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
- F5The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2018.
- F6The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and will vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.