SEC Form 4 · accession 0001179110-16-018657
AV Homes, Inc. · AVHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger A Cregg
Officer — President and CEO · Director
Period of report
Feb 3, 2016
Accepted (ET)
Feb 5, 2016 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039677
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 3, 2016 | D | 196 | $0.00 | D | 238,691 | D | |
| Common StockF2 | Feb 3, 2016 | A | 92,764 | $0.00 | A | 331,455 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This disposition represents shares cancelled by the Issuer in connection with the December 3, 2012 grant of restricted shares to the Reporting Person. On February 3, 2016 certain of those units vested based on the achievement of certain performance goals. The shares which were eligible to vest, but did not vest, were forfeited.
- F2Reflects the grant of 55,658 shares of performance-based restricted stock that will vest on December 31, 2019 based on achievement of certain total shareholder return goals and 37,106 shares of time-based restricted stock that will in 25% increments on December 31 of each of 2016, 2017, 2018 and 2019.