SEC Form 4 · accession 0001574596-17-000145
New Home Co Inc. · NWHM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 4, 2017 | S | 2,052 | $11.55 | D | 591,782 | I | By Trust |
| Common Stock | Oct 5, 2017 | S | 1,102 | $11.55 | D | 590,680 | I | By Trust |
| Common Stock | Oct 6, 2017 | S | 150 | $11.55 | D | 590,530 | I | By Trust |
| Common Stock | holding | — | — | — | 35,126 | D |
Table II — derivative securities
Explanation of responses
- F1The sales reported on these lines were effected pursuant to a Rule 10b5-1 plan adopted by a family trust of which the reporting person is a trustee on March 13, 2017.
Remarks
The reporting person is a party to an Investor Rights Agreement with H. Lawrence Webb, Wayne Stelmar, Thomas Redwitz, IHP Capital Partners VI, LLC, Watt/TNHC LLC and TCN/TNHC LP (collectively, "Group Members"), dated February 5, 2014, which was filed as Exhibit 4.2 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Pursuant to this Investor Rights Agreement, the entity-parties thereto have the right to designate directors for nomination and each of the Group Members has agreed to vote in favor of particular nominees as described in such Investor Rights Agreement. The reporting person may be deemed to have shared voting power over the shares owned by the other Group Members. The reporting person disclaims beneficial ownership of the shares held by the other Group Members and has no pecuniary interest in the shares held by the other Group Members.