SEC Form 4 · accession 0001179110-18-011938
AV Homes, Inc. · AVHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Einiger
Director
Period of report
Oct 1, 2018
Accepted (ET)
Oct 2, 2018 · 5:07 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 Stock | Oct 2, 2018 | D | 12,416 | $21.50 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF4,F2,F3 | — | Oct 1, 2018 | A | 1,062 | A | — | — | Common Stock | 1,062 | 25,862 | D |
| Stock UnitsF2,F5 | — | Oct 2, 2018 | D | 25,862 | D | — | Oct 2, 2018 | Common Stock | 25,862 | 0 | D |
Explanation of responses
- F1Disposed of as a result of merger pursuant to previously announced Agreement and Plan of Merger, dated as of June 7, 2018 by and among the issuer, Taylor Morrison Home Corporation, Taylor Morrison Communities, Inc., and Thor Merger Sub, Inc.
- F2The units convert to Common Stock of the issuer on a 1-for-1 basis.
- F3The units, which represent a deferral of a portion of a director's fees payable to the Reporting Person, are fully vested at all times and are convertible into shares of Issuer's Common Stock at the earlier of a date specified by the Reporting Person or the date on which the Reporting Person no longer serves as a director of the Issuer.
- F4Represents the most recent closing price of Issuer's Common Stock prior to the date of grant, which closing price represents the denominator for purposes of determining the number of Stock Units attributable to the Reporting Person's deferral account.
- F5Fully vested.