4//SEC Filing
WEINBERG STEPHEN M 4
Accession 0001209191-03-025001
CIK 0000818764other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 5:04 PM ET
Size
9.0 KB
Accession
0001209191-03-025001
Insider Transaction Report
Form 4
WEINBERG STEPHEN M
DirectorPresident
Transactions
- Exercise/Conversion
Warrants to Purchase Units
2003-10-03$50.40/sh+0.11$6→ 0 total - Sale
Warrants to Purchase Units
2003-10-03$82.50/sh−0.11$9→ 0 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2003-10-03−0.11→ 0.11 totalExercise: $50.40From: 2002-04-03Exp: 2009-04-01→ Common Stock (0.11 underlying)
Footnotes (4)
- [F1]Centex Development Company, L.P. trades in tandem with Centex Corporation "CTX" The reporting person's titles are those for 3333 Development Corporation, the general partner of CDC Pursuant to a Nominee Agreement dated November 30, 1987 (as amended, the "Nominee Agreement"), each person who is the beneficial owner of shares of Centex Corporation "Centex" common stock is also the beneficial owner of an undivided interest in 900 warrants (the "Warrants") to purchase Class B units of limited partnership interest in Centex Development Company, L.P. "CDC" at an exercise price of $500 per Class B unit, which Warrants are held of record by a nominee. Each beneficial owner's proportionate interest in the Warrants is equal to the number of shares of Centex common stock that he owns divided by the total number of shares of Centex common stock.
- [F2]The exercise price for the Warrants will be determined at the time they become exercisable based on the number of Warrants that are then exercisable, the manner in which the Warrants are subdivided are the discretion of the general partner of CDC and the number of shares of Centex common stock outstanding at that time. The Warrants will be exercisable for a 90-day period commencing on a date to be specified after their detachment. Unless sooner detached, the Warrants will be detached on November 30, 2007, unless such date is extended by a vote of the Centex shareholders. Until the Nominee Agreement is terminated with respect to the Warrants and certificates evidencing the Warrants are issued in the name of the beneficial owners thereof, Stephen M. Weinberg has no right to obtain a certificate evidencing his beneficial interest in the Warrrants or to dispose of the Warrants separate from Centex common stock.
- [F3]Computations set forth in this form have been made using 61,615,861 shares of Centex common stock outstanding as of the close of business on October 6, 2003. All price per share information is quoted as price per share of Centex common stock.
- [F4]Options vest over three years with 25% vesting on the date of grant and 25% on each of the first three anniversaries of the date of grant.
Documents
Issuer
CENTEX DEVELOPMENT CO LP
CIK 0000818764
Entity typeother
Related Parties
1- filerCIK 0001110905
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 5:04 PM ET
- Size
- 9.0 KB