SEC Form 4 · accession 0000882184-15-000077
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
Nov 4, 2015
Accepted (ET)
Nov 6, 2015 · 4:46 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 StockF1 | Nov 4, 2015 | A | 3,355 | $0.00 | A | 55,680 | D | |
| Common StockF2 | Nov 5, 2015 | M | 10,000 | $0.00 | A | 65,680 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Nov 4, 2015 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitF2,F4 | — | Nov 5, 2015 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
Explanation of responses
- F1Represents bonus of common stock awarded by the Compensation Committee of the Board of Directors on November 4, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
- F3On November 4, 2015, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 4, 2016 and settling on each November 23rd anniversary date if no tax deferral election was made within 30 days of November 4, 2015. The reporting person elected to defer settlement of all restricted stock units, granted on November 4, 2015, to November 23, 2018.
- F4On November 5, 2014, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 5, 2015 and settling on each November 23rd anniversary date if no tax deferral election was made within 30 days of November 5, 2014. The reporting person elected to defer settlement of all restricted stock units, granted on November 5, 2014, to November 23, 2017.