SEC Form 4 · accession 0000950142-18-000383
Taylor Morrison Home Corp · TMHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darrell Sherman
Officer — EVP, CLO & Secretary
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 8:18 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 8, 2018 | M | 3,779 | — | A | 5,155 | D | |
| Class A Common StockF2 | Feb 8, 2018 | F | 1,281 | $24.10 | D | 3,874 | D | |
| Class A Common StockF1 | Feb 9, 2018 | M | 2,211 | — | A | 6,085 | D | |
| Class A Common StockF2 | Feb 9, 2018 | F | 632 | $23.92 | D | 5,453 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F1,F3 | — | Feb 8, 2018 | M | 3,779 | D | — | — | Class A Common Stock | 3,779 | 7,559 | D |
| Restricted Stock UnitsF5,F1,F4 | — | Feb 9, 2018 | M | 2,211 | D | — | — | Class A Common Stock | 2,211 | 2,210 | D |
Explanation of responses
- F1Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Class A Common Stock for each vested RSU.
- F2Represents shares of Class A Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.
- F3On February 8, 2016, the reporting person was granted 11,338 RSUs, vesting in three equal installments of 33 1/3% on each of February 8, 2018, February 8, 2019 and February 8, 2020.
- F4On February 9, 2015, the Reporting Person was granted 6,632 RSUs, vesting in three equal installments of 33 1/3% on each of February 9, 2017, February 9, 2018, and February 9, 2019.
- F5The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended.