SEC Form 4 · accession 0000833079-16-000151
Meritage Homes CORP · MTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Timothy White
Officer — EVP - Gen. Counsel, Secretary
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 1:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000833079
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| MTH Common SharesF1,F2 | Mar 4, 2016 | A | 12,358 | $0.00 | A | 32,234 | D | |
| MTH Common StockF3 | holding | — | — | — | 43,170 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF4 | $0.00 | Mar 4, 2016 | A | 5,561 | A | — | Mar 4, 2019 | MTH Common Shares | 5,561 | 5,561 | D |
Explanation of responses
- F1Represents grant of restricted share units. The shares will fully vest on the third anniversary of the date of grant.
- F2Balance represents restricted shares and restricted share units not vested.
- F3Balance reflects all other holdings, including restricted shares that have previously vested.
- F4Each performance award represents a contingent right to receive one share of MTH common stock. The performance awards vest upon MTH's common stock achieving a three-year total shareholder return relative to a defined peer group. The number of derivative securities and underlying securities reported in the table above is based on the maximum amount of shares that may be earned under the performance awards. The actual performance awards issued may range from 0 shares to the maximum noted above.