SEC Form 4 · accession 0000882184-16-000182
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Buchanan
Director
Period of report
Jul 25, 2016
Accepted (ET)
Jul 26, 2016 · 5:12 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 | Jul 25, 2016 | M | 2,000 | $14.50 | A | 12,940 | D | |
| Common Stock | Jul 25, 2016 | M | 4,000 | $9.03 | A | 16,940 | D | |
| Common Stock | Jul 25, 2016 | M | 6,000 | $9.97 | A | 22,940 | D | |
| Common StockF1 | Jul 25, 2016 | S | 12,000 | $33.7961 | D | 10,940 | 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)F2 | $14.50 | Jul 25, 2016 | M | 2,000 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $9.03 | Jul 25, 2016 | M | 4,000 | D | Feb 9, 2010 | Feb 9, 2019 | Common Stock | 4,000 | 0 | D |
| Employee Stock Option (right to buy)F4 | $9.97 | Jul 25, 2016 | M | 6,000 | D | Sep 2, 2012 | Sep 2, 2021 | Common Stock | 6,000 | 9,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $33.79 to $33.81. 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.
- F2Stock option has a 10-year term, vested as to 20% of the option grant amount on the first five anniversary dates of February 11. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.
- F3Stock option has a 10-year term, vested as to 20% of the option grant amount on the first five anniversary dates of February 9. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.
- F4Stock option has a 10-year term, vested as to 20% of the option grant amount on 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.