Meritage Homes CORP 4
4 · Meritage Homes CORP · Filed Feb 12, 2015
Insider Transaction Report
Form 4
DAVIS STEVEN M
Exec VP - COO
Transactions
- Award
MTH Common Shares
2015-02-10+12,500→ 54,937 total - Sale
MTH Common Shares
2015-02-11$39.67/sh−11,138$441,844→ 43,799 total - Award
MTH Common Stock
2015-02-11+12,419→ 35,884 total - Award
Performance Rights
2015-02-11+7,452→ 7,452 totalExercise: $0.00Exp: 2018-02-11→ MTH Common Shares (7,452 underlying)
Footnotes (6)
- [F1]Represents vesting of restricted stock upon achievement of pre-specified performance targets
- [F2]Represents sale of shares to cover required tax withholdings under a 10b5-1 plan.
- [F3]Balance reflects all other holdings, including restricted shares that have previously vested.
- [F4]Represents grant of restricted share units. The shares will fully vest on the third anniversary of the date of grant.
- [F5]Balance represents restricted shares and restricted share units not vested.
- [F6]Each performance award represents a contingent right to receive one share of MTH common stock. The performance awards vest upon MTH's common stock achieving a three-year total shareholder return relative to the Company's peer group, as determined by the Company and its compensation committee. The number of derivative securities and underlying securities is based on the maximum amount of shares that may be earned under the performance awards. The actual performance awards issued may range from 0 shares to the maximum noted above.