SEC Form 4 · accession 0000882184-16-000144
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R Horton
Officer — Chairman · Director
Period of report
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 5:24 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 | Mar 5, 2016 | M | 31,334 | — | A | 24,839,961 | D | |
| Common StockF2,F3 | Mar 7, 2016 | S | 12,614 | $28.0136 | D | 24,827,347 | 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 UnitF5,F1,F4 | — | Mar 5, 2016 | M | 31,334 | D | — | — | Common Stock | 31,334 | 59,008 | D |
Explanation of responses
- F1Each restricted stock unit converts into one share of DHI common stock.
- F2Shares sold to cover withholding tax obligations for the shares vested on March 5, 2016.
- F3The price reported in Column 4 is a weighted average price. The prices actually received ranged from $28.01 to $28.03. 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 the range.
- F4On March 5, 2015, the reporting person was granted 94,000 restricted stock units, vesting in three annual installments beginning March 5, 2016.
- F5Total ajusted to reflect the 3,658 shares that were surrendered to issuer to cover withholding tax obligations on December 1, 2015.