SEC Form 4 · accession 0001127602-15-034773
Toll Brothers, Inc. · TOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert I Toll
Officer — Executive Chairman · Director
Period of report
Dec 18, 2015
Accepted (ET)
Dec 22, 2015 · 2:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000794170
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 20, 2015 | M | 219,686 | $0.00 | A | 9,882,489 | D | |
| Common Stock | Dec 20, 2015 | F | 97,382 | $32.85 | D | 9,785,107 | D | |
| Common Stock | holding | — | — | — | 740,034 | I | Entities Wholly Owned By Reporting Person | |
| Common Stock | holding | — | — | — | 2,249 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 133,155 | I | Trusts | |
| Common Stock | holding | — | — | — | 250,000 | I | GRAT- Expires December, 2017 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $32.85 | Dec 18, 2015 | A | 144,579 | A | Dec 18, 2016 | Dec 18, 2025 | Common Stock | 144,579 | 144,579 | D |
| Performance Based Restricted Stock UnitsF1,F3 | $0.00 | Dec 20, 2015 | M | 219,686 | D | Dec 20, 2012 | Dec 20, 2015 | Common Stock | 219,686 | 0 | D |
Explanation of responses
- F1Performance criteria was met on December 10, 2012. Service requirement was met on December 20, 2015.
- F2Vesting 25% on 12/18/2016, 2017, 2018 and 2019. Exercisable as of vesting date.
- F3The restricted stock units vest 25% on each of December 20, 2012, 2013, 2014 and 2015.