SEC Form 4 · accession 0001580670-16-000242
LGI Homes, Inc. · LGIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Margaret Mary Britton
Officer — CAO and Secretary
Period of report
Nov 7, 2016
Accepted (ET)
Nov 8, 2016 · 6:31 pm EST
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 | Sep 30, 2016 | A | 514 | $31.31 | A | 25,612 | D | |
| Common StockF3 | Nov 7, 2016 | M | 1,500 | $0.00 | A | 27,112 | D | |
| Common StockF3 | Nov 7, 2016 | F | 411 | $0.00 | D | 26,701 | D | |
| Common StockF4 | holding | — | — | — | 3,409 | I | By Cogan Joint Revocable Trust | |
| Common StockF4 | holding | — | — | — | 3,570 | I | By Mom |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F5 | — | Nov 7, 2016 | M | 1,500 | D | — | — | Common Stock | 1,500 | 0 | D |
Explanation of responses
- F1The reporting person is voluntarily reporting the acquisition of the issuee's common stock pursuant to the LGI Homes, Inc. Employee Stock Purchase Program ("ESPP"), for the ESPP purchase period of July 1, 2016 through September 30, 2016.
- F2In accordance with the ESPP, these shares were purchased based on 85% of the closing stock price September 30, 2016, the last trading day of the purchase period.
- F3Restricted stock units convert into LGI Homes, Inc. common stock on a one-for-one basis.
- F4The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F5In November 2013, the reporting person was granted 4,545 restricted stock units, which vested in three annual installments beginning on November 6, 2014.