SEC Form 4 · accession 0000882184-18-000062
HORTON D R INC /DE/ · DHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David V Auld
Officer — President and CEO
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 4:38 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 | Mar 5, 2018 | M | 12,533 | — | A | 237,861 | D | |
| Common StockF2,F3 | Mar 6, 2018 | S | 4,930 | $42.276 | D | 232,931 | 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 UnitF1,F4 | — | Mar 5, 2018 | M | 12,533 | D | — | — | Common Stock | 12,533 | 0 | D |
| Restricted Stock UnitF5,F6 | — | Mar 7, 2018 | A | 27,000 | A | — | — | Common Stock | 27,000 | 27,000 | 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 March 5, 2018.
- F3The price reported in Column 4 is a weighted average price. The prices actually received ranged from $42.27 to $42.291. 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 March 5, 2015, the reporting person was granted 37,600 restricted stock units, vesting in three annual installments beginning March 5, 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 March 7, 2019.