HORTON D R INC /DE/ 4
4 · HORTON D R INC /DE/ · Filed May 4, 2006
Insider Transaction Report
Form 4
Noon Thomas F
EVP & COO - California
Transactions
- Award
Employee Stock Option (right to buy)
2006-05-02+40,000→ 40,000 totalExercise: $29.44From: 2007-05-02Exp: 2016-05-02→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Date reflects one-year anniversary date from the date of the stock option grant. The stock option grant was granted May 2, 2006, has a ten-year term and vests as to 10% of the grant amount on the first nine anniversary dates of May 2 and vests as to the remaining 10%, 9.75 years after the option grant date of May 2, 2006. Accordingly, on May 2, 2007, the initial 10% or 4,000 options will vest.
- [F2]Stock option was "granted" by the compensation committee of the board of directors to the reporting person. Accordingly, there was no "price" associated with this option grant other than the "exercise price" reported in column 2 to Table II.