SEC Form 4 · accession 0000882184-16-000170
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Murray
Officer — EVP and COO
Period of report
May 2, 2016
Accepted (ET)
May 3, 2016 · 5:14 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 | May 2, 2016 | M | 3,000 | $29.44 | A | 13,344 | D | |
| Common StockF1,F2,F3 | May 2, 2016 | S | 2,944 | $30.3355 | D | 10,400 | 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 | May 2, 2016 | M | 3,000 | D | May 2, 2007 | May 2, 2016 | Common Stock | 3,000 | 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 $30.334 to $30.34. 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. Murray owns directly 10,400 shares of DHI common stock. These transactions increased Mr. Murray's direct ownership by 56 shares.
- F4Stock option has a 10-year term, vested as to 10% of the option grant amount on the first nine anniversary dates of May 2 and vests as to the remaining 10% 9.75 years after the option grant date of May 2, 2006. May 2, 2007 reflects the one-year anniversary date from the date of the stock option grant.