SEC Form 4 · accession 0000950142-16-003017
Taylor Morrison Home Corp · TMHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. David Cone
Officer — Vice President and CFO
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 7:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001562476
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 9, 2016 | P | 2,200 | $11.3131 | A | 2,200 | I | By C.D. Cone Trust |
| Class A Common Stock | holding | — | — | — | 5,600 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3,F2 | $11.30 | Feb 8, 2016 | A | 68,306 | A | — | Feb 8, 2026 | Class A Common Stock | 68,306 | 68,306 | D |
| Restricted Stock UnitsF6,F7,F4,F5 | — | Feb 8, 2016 | A | 22,124 | A | — | — | Class A Common Stock | 22,124 | 31,334 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.30 to $11.32, inclusive. The reporting person undertakes to provide to Taylor Morrison Home Corporation, any security holder of Taylor Morrison Home Corporation, 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 ranges set forth herein.
- F2Subject to certain conditions, the options will generally vest in four equal installments of 25% each on each of February 8, 2017, February 8, 2018, February 8, 2019 and February 8, 2020.
- F3The options were granted to Mr. Cone in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
- F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F5Subject to certain conditions, the restricted stock units will generally vest in three equal installments of 33 1/3% each on each of February 8, 2018, February 8, 2019 and February 8, 2020.
- F6The restricted stock units were granted to Mr. Cone in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
- F7Also includes 9,210 restricted stock units previously granted to Mr. Cone.