SEC Form 4 · accession 0000950142-16-003018
Taylor Morrison Home Corp · TMHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheryl Palmer
Officer — President and CEO · Director
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 Stock | Feb 8, 2016 | P | 4,000 | $11.44 | A | 11,000 | D | |
| Class A Common Stock | Feb 8, 2016 | P | 3,500 | $11.25 | A | 14,500 | 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)F2,F1 | $11.30 | Feb 8, 2016 | A | 239,071 | A | — | Feb 8, 2026 | Class A Common Stock | 239,071 | 239,071 | D |
| Restricted Stock UnitsF5,F6,F3,F4 | — | Feb 8, 2016 | A | 77,434 | A | — | — | Class A Common Stock | 77,434 | 119,479 | D |
Explanation of responses
- F1Subject 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.
- F2The options were granted to Ms. Palmer in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
- F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4Subject 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.
- F5The restricted stock units were granted to Ms. Palmer in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
- F6Also includes 42,045 restricted stock units previously granted to Ms. Palmer.