SEC Form 4 · accession 0001576940-18-000037
Century Communities, Inc. · CCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale Francescon
Officer — See Remarks · Director
Period of report
Feb 10, 2018
Accepted (ET)
Feb 13, 2018 · 7:04 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, 2018 | M | 52,928 | $28.95 | A | 510,499 | D | |
| Common StockF1 | Feb 10, 2018 | F | 23,278 | $28.95 | D | 487,221 | D | |
| Common Stock | holding | — | — | — | 1,579,762 | 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 | — | Feb 10, 2018 | M | 52,928 | D | — | — | Common Stock | 52,928 | 133,592 | 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.
- F315,089 restricted stock units vest in equal installments annually over three years beginning March 17, 2018. 65,574 restricted stock units vest on February 7, 2019 and 52,929 restricted stock units vest on February 10, 2019, respectively. The reporting person must remain continuously employed by the Company through the applicable vesting date.
Remarks
Chairman of the Board and Co-Chief Executive Officer