SEC Form 4 · accession 0000882184-15-000025
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill W Wheat
Officer — EVP and CFO
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 2:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000882184
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | M | 12,000 | $14.50 | A | 52,325 | D | |
| Common Stock | Mar 2, 2015 | M | 12,000 | $9.03 | A | 64,325 | D | |
| Common Stock | Mar 2, 2015 | M | 20,000 | $9.97 | A | 84,325 | D | |
| Common StockF1,F2 | Mar 2, 2015 | S | 32,000 | $27.3345 | D | 52,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $14.50 | Mar 2, 2015 | M | 12,000 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 12,000 | 36,000 | D |
| Employee Stock Option (right to buy)F4 | $9.03 | Mar 2, 2015 | M | 12,000 | D | Feb 9, 2010 | Feb 9, 2019 | Common Stock | 12,000 | 60,000 | D |
| Employee Stock Option (right to buy)F5 | $9.97 | Mar 2, 2015 | M | 20,000 | D | Sep 2, 2012 | Sep 2, 2021 | Common Stock | 20,000 | 88,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $27.28 to $27.37. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within that range.
- F2Following all transactions listed on this Form 4, Mr. Wheat owns directly 52,325 shares of DHI common stock. These transactions increased Mr. Wheat's direct ownership by 12,000 shares.
- F3Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 11 and vests as to the remaining 10% 9.75 years after the option grant date of February 11, 2008. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.
- F4Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.
- F5Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of September 2. September 2, 2012 reflects the one-year anniversary date from the date of the stock option grant.