SEC Form 4 · accession 0000882184-17-000117
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
Nov 22, 2017
Accepted (ET)
Nov 27, 2017 · 5:58 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 | Nov 22, 2017 | F | 12,585 | $49.58 | D | 100,081 | D | |
| Common Stock | Nov 24, 2017 | M | 12,000 | $14.50 | A | 112,081 | D | |
| Common Stock | Nov 24, 2017 | M | 24,000 | $9.03 | A | 136,081 | D | |
| Common Stock | Nov 24, 2017 | S | 19,677 | $49.6529 | D | 116,404 | 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 | Nov 24, 2017 | M | 12,000 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 12,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $9.03 | Nov 24, 2017 | M | 24,000 | D | Feb 9, 2010 | Feb 9, 2019 | Common Stock | 24,000 | 24,000 | D |
Explanation of responses
- F1These shares were surrendered to issuer to cover tax obligations of the 30,000 shares of DHI common stock issued in settlement of time based restricted stock units awarded November 5, 2014 and settled on November 22, 2017.
- 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 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.
- F3Stock 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.