SEC Form 4 · accession 0000882184-18-000038
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 14, 2018
Accepted (ET)
Feb 16, 2018 · 4:04 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 14, 2018 | M | 28,200 | — | A | 23,401,827 | D | |
| Common StockF2,F3 | Feb 15, 2018 | S | 10,523 | $45.0582 | D | 23,391,304 | 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 UnitF5,F1,F4 | — | Feb 14, 2018 | M | 28,200 | D | — | — | Common Stock | 28,200 | 53,108 | 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 14, 2018.
- F3The price reported in Column 4 is a weighted average price. The prices actually received ranged from $44.765 to $45.34. 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.
- F4On February 14, 2017, the reporting person was granted 84,600 restricted stock units, vesting in three annual installments beginning February 14, 2018.
- F5Total adjusted to reflect the 3,292 shares that were surrendered to issuer to cover withholding tax obligations on December 1, 2017.