SEC Form 4 · accession 0000950142-19-000526

Taylor Morrison Home Corp · TMHC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Accounting Officer

Period of report

Mar 8, 2019

Accepted (ET)

Mar 11, 2019 · 7:06 pm EDT

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
Class A Common Stock	Mar 8, 2019	A	1,196	$0.00	A	2,050	D
Class A Common Stock^F2	Mar 8, 2019	F	353	$16.79	D	1,697	D
Class A Common Stock	Mar 8, 2019	A	960	$0.00	A	2,657	D
Class A Common Stock^F2	Mar 8, 2019	F	283	$16.79	D	2,374	D
Class A Common Stock	Mar 8, 2019	S	2,323	$16.84	D	51	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance-based restricted stock units^F3	—	Mar 8, 2019	M	372	D	—	—	Class A Common Stock	372	372	D

F1Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 8, 2016, under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Class A Common Stock.
F2Represents shares of Class A Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.
F3On February 12, 2018, the reporting person received a grant of PSUs representing 637 shares of the Issuer's Class A Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the reporting person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the first tranche (2018) were achieved at a level resulting in 372 PSUs being earned by the reporting person on March 8, 2019, subject to satisfaction of the vesting conditions for such grant.