SEC Form 4 · accession 0001576940-16-000041
Century Communities, Inc. · CCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale Francescon
Officer — See Remarks · Director · 10% Owner
Period of report
May 7, 2016
Accepted (ET)
May 10, 2016 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001576940
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 7, 2016 | F | 14,189 | $17.74 | D | 435,504 | D | |
| Common Stock | holding | — | — | — | 2,375,000 | I | By DF Century, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Common Stock | 158,786 | 158,786 | D |
Explanation of responses
- F1Represents shares of restricted stock delivered to the issuer to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock. The disposition of the delivered shares is exempt pursuant to Rule 16b-3(e).
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3The restricted stock units vest in equal installments annually over three years beginning on February 10, 2017, provided the reporting person remains continuously employed by the Company through the applicable vesting date.
Remarks
Chairman of the Board and Co-Chief Executive Officer