SEC Form 4 · accession 0001576940-17-000015
Century Communities, Inc. · CCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Scott Dixon
Officer — Chief Accounting Officer
Period of report
Feb 8, 2017
Accepted (ET)
Feb 10, 2017 · 7:30 pm EST
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 Stock | Feb 10, 2017 | M | 1,667 | $22.80 | A | 4,697 | D | |
| Common StockF1 | Feb 10, 2017 | F | 519 | $22.80 | D | 4,178 | D |
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 | — | Feb 8, 2017 | A | 4,464 | A | — | — | Common Stock | 4,464 | 9,464 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 10, 2017 | M | 1,667 | D | — | — | Common Stock | 1,667 | 7,797 | 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.
- F33,333 restricted stock units vest in equal installments annually over the next two years beginning on February 10, 2018. 4,464 restricted stock units vest in equal installments annually over three years beginning on February 8, 2018. The reporting person must remain continuously employed by the Company through the applicable vesting date.