SEC Form 4 · accession 0001179110-16-025557
AV Homes, Inc. · AVHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D Barnett
Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 4:34 pm EDT
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 StockF1,F2 | May 24, 2016 | M | 2,848 | $0.00 | A | 22,284 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | May 24, 2016 | M | 2,848 | D | May 24, 2016 | May 24, 2016 | Common Stock | 2,848 | 0 | D |
| Restricted Stock UnitsF2,F3 | — | May 25, 2016 | A | 3,673 | A | May 25, 2017 | May 25, 2017 | Common Stock | 3,673 | 3,673 | D |
Explanation of responses
- F1Shares received in settlement of restricted stock units in a transaction exempt pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934.
- F2The units convert to Common Stock of the issuer on a 1-for-1 basis.
- F3The units granted to the Reporting Person vest in full on the earlier of May 25, 2017 or the day immediately preceding the 2017 annual meeting of stockholders, provided that the Reporting Person is a member of the Issuer's board of directors on such date.