SEC Form 4 · accession 0000882184-17-000047
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill W Wheat
Officer — EVP and CFO
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 4:35 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 Stock | Feb 27, 2017 | M | 24,000 | $14.50 | A | 117,697 | D | |
| Common Stock | Feb 27, 2017 | M | 12,000 | $9.03 | A | 129,697 | D | |
| Common Stock | Feb 27, 2017 | S | 23,500 | $31.965 | D | 106,197 | 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)F1 | $14.50 | Feb 27, 2017 | M | 24,000 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 24,000 | 12,000 | D |
| Employee Stock Option (right to buy)F2 | $9.03 | Feb 27, 2017 | M | 12,000 | D | Feb 9, 2010 | Feb 9, 2019 | Common Stock | 12,000 | 48,000 | D |
Explanation of responses
- F1Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 11 and vests as to the remaining 10% 9.75 years after the option grant date of February 11, 2008. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.
- F2Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.