SEC Form 4 · accession 0001580670-15-000118
LGI Homes, Inc. · LGIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Thomas Lipar
Officer — See Remarks · Director · 10% Owner
Period of report
Oct 7, 2015
Accepted (ET)
Oct 9, 2015 · 4:45 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 | Oct 7, 2015 | S | 6,716 | $30.02 | D | 496,641 | D | |
| Common StockF3 | Oct 7, 2015 | S | 3,284 | $30.65 | D | 493,357 | D | |
| Common StockF4 | holding | — | — | — | 2,339,297 | I | By EDSS Holdings, LP | |
| Common StockF5 | holding | — | — | — | 23,244 | I | By LGI Fund II GP, LLC | |
| Common Stock | holding | — | — | — | 37,500 | I | By 401(k) plan | |
| Common StockF5 | holding | — | — | — | 175 | I | By LGI Fund III GP, LLC | |
| Common Stock | holding | — | — | — | 17,326 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2014.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.54 to $30.53, 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 footnotes (2) and (3) to this Form 4.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.56 to $30.90, inclusive.
- F4The reporting person is the sole owner of the general partner of EDSS Holdings, LP, and a limited partner in EDSS Holdings, LP. The reporting person disclaims beneficial ownership of 678,396 shares of LGIH common stock owned by EDSS Holdings, LP attributable to other limited partners in that partnership.
- F5The reporting person is the sole owner of the entity.