COCKWELL IAN G 4
4 · BROOKFIELD HOMES CORP · Filed Feb 16, 2011
Insider Transaction Report
Form 4
COCKWELL IAN G
DirectorPresident & CEO
Transactions
- Award
Employee Stock Option (Right to Buy)
2011-02-16+126,000→ 1,456,000 totalExercise: $14.70Exp: 2021-02-16→ Common Stock (126,000 underlying) - Award
Deferred Share Units
2011-02-16+42,857→ 474,235 total→ Common Stock (42,857 underlying)
Footnotes (3)
- [F1]The options will vest in five equal annual installments beginning on February 16, 2012.
- [F2]1-for-1.
- [F3]The units vest in five equal annual installments beginning on February 16, 2012. Units can only be redeemed after cessation of employment whether due to termination, retirement or death. There will be no shares of common stock issued, authorized, reserved, purchased or sold at any time in connection with units allocated. Under no circumstances will units be considered shares of common stock, or entitle any participant to the exercise of voting rights or to the exercise of any other rights arising from the ownership of shares of common stock.