HOMEBANC CORP 4
4 · HOMEBANC CORP · Filed Sep 2, 2005
Insider Transaction Report
Form 4
Race Kevin D
DirectorPresident, CFO & COO
Transactions
- Exercise/Conversion
Dividend Equivalent Rights
2005-08-31−1,897→ 9,424 totalFrom: 2005-08-31Exp: 2005-08-31→ Common Stock (1,897 underlying) - Exercise/Conversion
Common Stock
2005-08-31+1,897→ 130,474 total
Holdings
- 3,059(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Reflects shares of HMB common stock issued upon conversion of restricted stock units ("RSUs") awarded as dividend equivalent rights on stock appreciation rights ("SARS") issued to the Reporting Person under the HomeBanc Corp. Amended and Restated 2004 Long-Term Incentive Plan.
- [F2]Reflects 3,059 shares of HMB common stock owned by The Race Family Limited Partnership, LLP, of which the Reporting Person is a general partner, which were inadvertently reported as directly owned by the Reporting Person on previously filed Form 4s.
- [F3]1 for 1
- [F4]The RSUs vest proportionately with the SARs to which they relate and, as originally granted, would have converted to shares of HMB common stock upon exercise of the SARs. The SARs were amended on 8/31/05 to provide that on each anniversary of the grant date of the SARs, any accumulated RSUs will, to the extent then vested, be converted to shares of HMB common stock and delivered to the holder.