SEC Form 4 · accession 0000950142-17-000237
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 2, 2017
Accepted (ET)
Feb 6, 2017 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001562476
Table I — non-derivative securities
No Table I lines on this filing.
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 | $18.74 | Feb 2, 2017 | A | 160,256 | A | — | Feb 2, 2027 | Class A Common Stock | 160,256 | 399,327 | D |
| Restricted Stock UnitsF5,F3,F4 | — | Feb 2, 2017 | A | 46,692 | A | — | — | Class A Common Stock | 46,692 | 166,171 | D |
Explanation of responses
- F1Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of February 2, 2018, February 2, 2019, February 2, 2020, and February 2, 2021.
- F2The options were granted to Ms. Palmer in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended (the "Equity 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% on each of February 2, 2019, February 2, 2020, and February 2, 2021.
- F5The restricted stock units were granted to Ms. Palmer in accordance with the Equity Plan.