SEC Form 4 · accession 0001140361-15-027934
HOMEFED CORP · HOFD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph S Steinberg
Director
Period of report
Jul 15, 2015
Accepted (ET)
Jul 17, 2015 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000833795
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jul 16, 2015 | M | 1,000 | $21.00 | A | 678,551 | D | |
| Common SharesF1 | holding | — | — | — | 65,279 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $21.00 | Jul 16, 2015 | M | 1,000 | D | — | Aug 2, 2015 | Common Stock | 1,000 | 0 | D |
| Stock Option (Right to Buy)F3,F5 | $47.85 | Jul 15, 2015 | A | 1,000 | A | Jul 15, 2016 | Jul 15, 2020 | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1Includes (i) 3,486 shares (less than .1%) beneficially owned by Mr. Steinberg's wife, (ii) 61,793 shares (.4%) owned by trusts for the benefit of Mr. Steinberg's children.
- F2The stock options were granted on August 2, 2010. Pursuant to their terms, these options become exercisable at a rate of 25% per year commencing one year after the date of grant.
- F3Not applicable.
- F4The option awards being reported on this Form 4 were granted pursuant to HomeFed Corporation's 1999 Stock Incentive Plan, as amended.
- F5The options vest at a rate of 25% per year, commencing on July 15, 2016.