SEC Form 4 · accession 0000833079-18-000015
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
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 6:56 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 StockF1 | Feb 12, 2018 | M | 2,703 | $0.00 | A | 48,705 | D | |
| MTH Common StockF1 | Feb 12, 2018 | A | 3,167 | $0.00 | A | 51,872 | D | |
| MTH Common StockF2,F3 | Feb 13, 2018 | S | 7,333 | $45.20 | D | 44,539 | D | |
| MTH Common SharesF4 | holding | — | — | — | 12,358 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Rights | $0.00 | Feb 12, 2018 | M | 2,703 | D | Feb 12, 2018 | Feb 12, 2018 | MTH Common Shares | 2,703 | 0 | D |
Explanation of responses
- F1Represents vesting of restricted stock upon achievement of pre-specified performance targets
- F2Represents sale of shares to cover required tax withholdings under a 10b5-1 plan.
- F3Balance reflects all other holdings, including restricted shares that have previously vested.
- F4Balance represents restricted shares and restricted share units not vested.