SEC Form 4 · accession 0001179110-17-002143

WCI Communities, Inc. · WCIC

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

Reporting owner

Officer — SVP AND CFO

Period of report

Feb 10, 2017

Accepted (ET)

Feb 10, 2017 · 2:13 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001574532

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Feb 10, 2017	D	81,517	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
LTIP Units^F3,F1	—	Feb 10, 2017	D	120	D	—	—	Common Stock	130,870	0	D

F1Pursuant to that Agreement and Plan of Merger dated as of September 22, 2016 among the Issuer (hereinafter, "WCI"), Lennar Corporation, a Delaware corporation ("Lennar"), and certain subsidiaries of Lennar, the parties thereto effected the merger of Marlin Green Corp., a Delaware corporation and wholly-owned subsidiary of Lennar, with and into WCI (the "Merger") with WCI surviving the Merger as a direct, wholly-owned subsidiary of Lennar.
F2Comprised of 36,017 shares of common stock of WCI (the "Unrestricted Shares") and 45,500 shares of restricted common stock of WCI (the "Restricted Shares"). At the effective time of the Merger (the "Effective Time"), (i) each Unrestricted Share was disposed of in exchange for $23.50 in cash and (ii) each Restricted Share outstanding and unvested or otherwise subject to possible forfeiture vested immediately prior to the completion of the Merger and was cancelled for the right to receive $23.50 in cash.
F3At the Effective Time, each outstanding LTIP Unit, whether vested or unvested, terminated and was disposed of in exchange for $23.50 in cash multiplied by the number of shares of underlying WCI common stock issuable upon settlement of such LTIP Units.