SEC Form 4 · accession 0000882184-16-000168
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
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 5:13 pm EDT
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 | Apr 29, 2016 | M | 150,000 | $29.44 | A | 24,977,347 | D | |
| Common StockF1,F2,F3 | Apr 29, 2016 | S | 149,035 | $29.8775 | D | 24,828,312 | 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)F4 | $29.44 | Apr 29, 2016 | M | 150,000 | D | May 2, 2007 | May 2, 2016 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Shares sold to cover cost associated with option exercise and related withholding tax obligation.
- F2The price reported in Column 4 is a weighted average price. The prices actually received ranged from $29.605 to $30.135. 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.
- F3Following all transactions listed on this Form 4, Mr. Horton owns directly 24,828,312 shares of DHI common stock. These transactions increased Mr. Horton's direct ownership by 965 shares.
- F4Stock option has a 10-year term, vested as to 20% of the option grant amount on the first five anniversary dates of May 2. May 2, 2007 reflects the one-year anniversary date from the date of the stock option grant.