SEC Form 4 · accession 0000882184-18-000153
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
Dec 18, 2018
Accepted (ET)
Dec 20, 2018 · 6:38 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 Stock | Dec 18, 2018 | M | 300,000 | $9.03 | A | 23,833,899 | D | |
| Common StockF1,F2,F3 | Dec 18, 2018 | S | 163,000 | $36.0841 | D | 23,670,899 | 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)F4 | $9.03 | Dec 18, 2018 | M | 300,000 | D | Feb 9, 2010 | Feb 9, 2019 | Common Stock | 300,000 | 0 | D |
Explanation of responses
- F1Shares sold to cover cost associated with option exercise and related withholding tax obligation.
- F2The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.78 to $36.66. 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.
- F3Following all transactions listed on this Form 4, Mr. Horton owns directly 23,670,899 shares of DHI common stock. These transactions increased Mr. Horton's direct ownership by 137,000 shares.
- F4Stock option has a 10-year term, vested as to 20% of the option grant amount on the first five anniversary dates of February 9. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.