SEC Form 4 · accession 0001580670-18-000015
LGI Homes, Inc. · LGIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Michael Merdian
Officer — CFO and Treasurer
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 4:46 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 | Mar 15, 2018 | A | 34,475 | $0.00 | A | 100,497 | D | |
| Common StockF2 | Mar 16, 2018 | S | 12,680 | $63.70 | D | 87,817 | D | |
| Common StockF3,F4 | Mar 16, 2018 | S | 4,287 | $64.11 | D | 83,530 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this transaction relate to withholding taxes for awards that vested on March 15, 2018.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.01 to $64.00, 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.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.01 to $64.49, 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.
- F4Since the date of the reporting person's last report and in connection with the termination of the LGI Holdings Retirement Plan (the "401(k) Plan"), the reporting person received a distribution of 13,636 shares of the Issuer's common stock previously beneficially owned through the 401 (k) Plan.