SEC Form 4 · accession 0001580670-17-000058
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
Sep 21, 2017
Accepted (ET)
Sep 22, 2017 · 5:51 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 | Jun 30, 2017 | A | 737 | $34.15 | A | 191,948 | D | |
| Common StockF2 | Sep 21, 2017 | S | 3,500 | $45.81 | D | 188,448 | D | |
| Common Stock | holding | — | — | — | 4,227 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is voluntarily reporting the acquisition of the Issuer's common stock pursuant to the LGI Homes, Inc. Employee Stock Purchase Program ("ESPP"), for the ESPP purchase period of April 1, 2017 through June 30, 2017. This transaction is also exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased based on 85% of the closing stock price of the Issuer's common stock on June 30, 2017, the last trading day of the purchase period.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.77 to $45.84, 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 this footnote.