SEC Form 4 · accession 0000950142-18-000433
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 12, 2018
Accepted (ET)
Feb 14, 2018 · 5:56 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 | $23.84 | Feb 12, 2018 | A | 26,244 | A | — | Feb 12, 2028 | Class A Common Stock | 26,244 | 26,244 | D |
| Restricted Stock UnitsF5,F3,F4 | — | Feb 12, 2018 | A | 7,299 | A | — | — | Class A Common Stock | 7,299 | 7,299 | D |
Explanation of responses
- F1Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of February 12, 2019, February 12, 2020, February 12, 2021, and February 12, 2022.
- F2The options were granted to Mr. Sherman 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 12, 2019, February 12, 2020, and February 12, 2021.
- F5The restricted stock units were granted to Mr. Sherman in accordance with the Equity Plan.