SEC Form 4 · accession 0000882184-17-000031
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
Feb 12, 2017
Accepted (ET)
Feb 14, 2017 · 6:27 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 | Feb 12, 2017 | M | 31,334 | — | A | 23,039,704 | D | |
| Common StockF2 | Feb 13, 2017 | S | 12,545 | $30.55 | D | 23,027,159 | 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 UnitF4,F1,F3 | — | Feb 12, 2017 | M | 31,334 | D | — | — | Common Stock | 31,334 | 59,008 | D |
| Restricted Stock UnitF5,F6 | — | Feb 14, 2017 | A | 84,600 | A | — | — | Common Stock | 84,600 | 84,600 | 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 February 12, 2017.
- F3On February 12, 2016, the reporting person was granted 94,000 restricted stock units, vesting in three annual installments beginning February 12, 2017.
- F4Total adjusted to reflect the 3,658 shares that were surrendered to issuer to cover withholding tax obligations on December 1, 2016.
- F5Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
- F6The restricted stock units vest in three equal annual installments beginning February 14, 2018.