SEC Form 4 · accession 0001574596-19-000044
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 StockF1,F2 | Feb 28, 2019 | F | 4,955 | $5.48 | D | 67,352 | D | |
| Common Stock | holding | — | — | — | 443,322 | I | By Trust |
Table II — derivative securities
Explanation of responses
- F1Represents shares withheld for tax purposes upon the vesting of Restricted Stock Units on February 28, 2019.
- F2Upon the March 1, 2019 resignation and separation of employment by the Reporting Person from the Issuer, 25,592 unvested Restricted Stock Units were forfeited.
Remarks
The Reporting Person is a party to an Investor Rights Agreement dated February 5, 2014 and amended on May 22, 2018 (as amended, the "IRA"). The current parties to the IRA are Wayne Stelmar, Joseph Davis, Thomas Redwitz, H. Lawrence Webb and IHP Capital Partners VI, LLC (collectively, "Group Members"). The original IRA was filed as Exhibit 4.2 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and the amendment was filed as Exhibit 10.1 of the Company's Current Report on Form 8-K dated May 22, 2018. Pursuant to the IRA, IHP Capital Partners VI, LLC has the right to designate a director for nomination and each of the Group Members has agreed to vote in favor of particular nominees as described in such IRA. 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.