SEC Form 4 · accession 0001406587-17-000053
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 2, 2017
Accepted (ET)
Nov 6, 2017 · 5:35 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 | Mar 10, 2017 | G | 27,331 | $0.00 | D | 82,666 | D | |
| Common StockF2 | Nov 2, 2017 | M | 10,000 | $0.00 | A | 92,666 | D | |
| Common StockF2 | Nov 4, 2017 | M | 10,000 | $0.00 | A | 102,666 | D | |
| Common StockF2 | Nov 5, 2017 | M | 10,000 | $0.00 | A | 112,666 | 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 UnitF2,F3 | — | Nov 2, 2017 | A | 40,000 | A | — | — | Common Stock | 40,000 | 40,000 | D |
| Restricted Stock UnitF2,F4 | — | Nov 2, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
| Restricted Stock UnitF2,F5 | — | Nov 4, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitF2,F6 | — | Nov 5, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1This transaction involved a gift of securities outside of Mr. Wheat's household and is being voluntarily disclosed on this Form 4. Mr. Wheat disclaims beneficial ownership of the shares gifted.
- F2Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
- F3On November 2, 2017, the reporting person was granted 40,000 restricted stock units, vesting in three annual installments beginning November 2, 2018. The reporting person elected to defer settlement of all restricted stock units, granted on November 2, 2017, to November 2020.
- F4On November 2, 2016, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 2, 2017. The reporting person elected to defer settlement of all restricted stock units, granted on November 2, 2016, to November 2019.
- F5On November 4, 2015, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 4, 2016. The reporting person elected to defer settlement of all restricted stock units, granted on November 4, 2015, to November 2018.
- F6On November 5, 2014, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 5, 2015. The reporting person elected to defer settlement of all restricted stock units, granted on November 5, 2014, to November 2017.