SEC Form 4 · accession 0001446472-15-000011
LGI Homes, Inc. · LGIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Lipar
10% Owner
Period of report
Jul 14, 2015
Accepted (ET)
Jul 16, 2015 · 10:37 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001580670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jul 14, 2015 | S | 15,697 | $19.5007 | D | 1,320,965 | D | |
| Common StockF3 | Jul 15, 2015 | S | 33,415 | $18.9122 | D | 1,287,550 | D | |
| Common StockF4 | holding | — | — | — | 238,723 | I | By RE Finance Partners, Ltd. | |
| Common StockF5 | holding | — | — | — | 450,000 | I | By Paragon Living Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lipar on May 27, 2015.
- F2The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.25 to $19.72. Mr. Lipar undertakes to provide to LGI Homes, Inc., any security holder of LGI Homes, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
- F3The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.66 to $19.42.
- F4Mr. Lipar disclaims beneficial ownership in 179,042 shares attributable to limited partnership interests owned by other partners in the partnership.
- F5On June 29, 2015, Mr. Lipar transferred 450,000 directly owned shares of common stock of the issuer to the Paragon Living Trust, of which Mr. Lipar and his wife are trustees and beneficiaries.