4//SEC Filing
Heuser Erik 4
Accession 0000950142-13-000938
CIK 0001562476other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 5:11 PM ET
Size
11.2 KB
Accession
0000950142-13-000938
Insider Transaction Report
Form 4
Heuser Erik
VP, Land Investments
Transactions
- Disposition to Issuer
Common Partnership Units and Class B Common Stock
2013-04-12$20.68/sh−13,173$272,418→ 44,306 total→ Class A Common Stock (13,173 underlying) - Award
Employee Stock Option (Right to Buy)
2013-04-12+37,500→ 37,500 totalExercise: $22.00Exp: 2023-04-12→ Class A Common Stock (37,500 underlying) - Award
Common Partnership Units and Class B Common Stock
2013-04-09+57,478→ 57,478 total→ Class A Common Stock (57,478 underlying)
Footnotes (5)
- [F1]Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of April 12, 2015, April 12, 2016, April 12, 2017 and April 12, 2018.
- [F2]The options were granted to Mr. Heuser in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
- [F3]Pursuant to the terms of the Exchange Agreement dated as of April 9, 2013, Mr. Heuser may exchange all or a portion of his vested New TMM Units (along with an equal number of its Class B Shares) at any time for shares of Class A Common Stock (the "Class A Shares") of the Issuer on a one-for-one basis. Unvested New TMM Units (along with corresponding shares of of the issuer's Class B common stock) vest in equal annual installments of 20% per year on each anniversary of the original date of grant of the interests that were exchanged for the New TMM Units, subject to the individual's continued employment or service through the applicable vesting date.
- [F4]The New TMM Units do not expire and the reporting person is not required to pay an exercise price in connection with exchanges. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the issuer's stockholders but does not entitle the holder to any of the economic rights associated with shares of the issuer's Class A common stock.
- [F5]Represents the sale of New TMM Units and Class B common stock by Mr. Heuser to the issuer pursuant to the Management Purchase Agreement, dated as of April 12, 2013, by and among the issuer and Mr. Heuser, as approved by the board of the issuer.
Documents
Issuer
Taylor Morrison Home Corp
CIK 0001562476
Entity typeother
Related Parties
1- filerCIK 0001570145
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 5:11 PM ET
- Size
- 11.2 KB