4//SEC Filing
Burnett Michael S. 4
Accession 0001179110-18-011932
CIK 0000039677other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 5:06 PM ET
Size
12.1 KB
Accession
0001179110-18-011932
Insider Transaction Report
Form 4
AV Homes, Inc.AVHI
Burnett Michael S.
EVP & Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2018-10-02$21.50/sh−46,858$1,007,447→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2018-10-02$2.97/sh−65,000$193,050→ 0 totalExercise: $18.53Exp: 2023-10-14→ Common Stock (65,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2018-10-02$3.85/sh−13,810$53,169→ 0 totalExercise: $17.65Exp: 2027-01-31→ Common Stock (13,810 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2018-10-02$4.60/sh−16,994$78,172→ 0 totalExercise: $16.90Exp: 2028-01-31→ Common Stock (16,994 underlying)
Footnotes (3)
- [F1]Disposed of as a result of merger pursuant to previously announced Agreement and Plan of Merger, dated as of June 7, 2018 by and among the issuer, Taylor Morrison Home Corporation, Taylor Morrison Communities, Inc., and Thor Merger Sub, Inc.
- [F2]Of the total shares disposed, 10,807 were exchanged for $21.50 per share. The remaining shares represent restricted stock and restricted stock unit awards to acquire 36,051 shares of AV Homes common stock (assuming applicable performance conditions are fully achieved or achieved at target levels, as applicable) that were exchanged for restricted stock and restricted stock unit awards to acquire 35,304 shares of Taylor Morrison common stock having a market value of $18.17 per share based on the closing price of the Taylor Morrison common stock on October 2, 2018. The replacement restricted stock and restricted stock unit awards are subject to the substantially the same terms and conditions as the AV Homes restricted stock restricted stock unit awards (other than any performance-based vesting conditions).
- [F3]Fully vested.
Documents
Issuer
AV Homes, Inc.
CIK 0000039677
Entity typeother
Related Parties
1- filerCIK 0001589233
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 5:06 PM ET
- Size
- 12.1 KB