SEC Form 4 · accession 0001104659-18-055615
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
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 5:04 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,F2 | Sep 4, 2018 | S | 24,998 | $54.2755 | D | 606,408 | D | |
| Common StockF1 | Sep 4, 2018 | S | 2 | $54.93 | D | 606,406 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF3,F4 | — | Sep 4, 2018 | A | 97 | A | — | — | Common Stock | 97 | 291 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.84 to $54.82. The reporting person undertakes to provide Walker & Dunlop, Inc. (the "Company"), any security holder of the Company, 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.
- F3Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.
- F4The 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.