SEC Form 4 · accession 0001214659-16-012742
HOMEFED CORP · HOFD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian M. Cumming
Director
Period of report
Jul 21, 2016
Accepted (ET)
Jul 21, 2016 · 5:03 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 21, 2016 | M | 1,000 | $21.50 | A | 542,029 | D | |
| Common SharesF1 | holding | — | — | — | 65,704 | 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)F2 | $21.50 | Jul 21, 2016 | M | 1,000 | D | — | Jul 29, 2016 | Common Shares | 1,000 | 0 | D |
Explanation of responses
- F1Consists of 5,704 shares of HomeFed common stock beneficially owned by Mr. Cumming's wife and 60,000 shares held by a corporation which is 50% owned by Mr. Cumming and 50% owned by Mr. Cumming's wife.
- F2The stock options were granted on July 29, 2011. Pursuant to their terms, these options become exercisable at a rate of 25% per year commencing one year after the date of grant.