SEC Form 4 · accession 0001574596-17-000019
New Home Co Inc. · NWHM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Lawrence Webb
Officer — Chief Executive Officer · Director
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2017 | A | 75,839 | $0.00 | A | 824,795 | D | |
| Common StockF2,F3 | Feb 24, 2017 | A | 6,996 | $0.00 | A | 23,795 | I | Shared Household |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $11.00 | holding | — | — | — | Jan 30, 2017 | Jan 30, 2024 | Common Stock | 227,273 | 227,273 | D |
| Stock Options (Right to Buy)F4 | $11.00 | holding | — | — | — | Jan 30, 2017 | Jan 30, 2024 | Common Stock | 5,525 | 5,525 | I |
Explanation of responses
- F1Represents restricted stock units which vest in equal annual installments on each of the first, second and third anniversaries of February 24, 2017, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. The restricted stock units convert into common stock on a one-for-one basis.
- F2Represents restricted stock units granted to Joan Marcus-Colvin with whom the Reporting Person shares a household. The restricted stock units granted vest in equal annual installments on each of the first, second and third anniversaries of February 24, 2017, subject to Ms. Marcus-Colvin's continued service with the Issuer through the applicable vesting date. The restricted stock units convert into common stock on a one-for-one basis. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F3Represents shares and restricted stock units held by Joan Marcus-Colvin with whom the Reporting Person shares a household. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4Represents vested stock options held by Joan Marcus-Colvin with whom the Reporting Person shares a household. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.