SEC Form 4 · accession 0001446472-16-000022
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
Dec 10, 2015
Accepted (ET)
Mar 16, 2016 · 3:59 pm 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 Stock | Dec 10, 2015 | G | 150,000 | $0.00 | D | 175,000 | I | By The Paragon Living Trust |
| Common StockF2 | Mar 14, 2016 | S | 47,500 | $22.4886 | D | 127,500 | I | By The Paragon Living Trust |
| Common StockF3 | Mar 15, 2016 | S | 2,000 | $22.0316 | D | 125,500 | I | By The Paragon Living Trust |
| Common Stock | holding | — | — | — | 1,250,000 | I | By Lipar Holdings, Ltd. | |
| Common Stock | holding | — | — | — | 650 | I | By Lipar Group, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Lipar transferred these shares in three transactions to three irrevocable gift trusts established for the benefit of Mr. Lipar's children.
- F2The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.78. 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 $22.00 to $22.15.