SEC Form 4 · accession 0001580670-15-000052
LGI Homes, Inc. · LGIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Larry Snider
Officer — President and COO
Period of report
Mar 30, 2015
Accepted (ET)
Apr 1, 2015 · 5:04 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 StockF2 | Mar 30, 2015 | S | 8,000 | $16.37 | D | 108,804 | D | |
| Common Stock | holding | — | — | — | 4,227 | I | By Spouse | |
| Common Stock | holding | — | — | — | 61,388 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 relate to taxes associated with the vesting of 28,948 RSUs granted on March 27, 2014 and settled on March 27, 2015. The sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 19, 2014.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.16 to $16.54, inclusive. The reporting person 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 footnote (2) to this Form 4.