Miller Robert S 4
4 · Landsea Homes Corp · Filed Jan 13, 2021
Insider Transaction Report
Form 4
Miller Robert S
Director
Transactions
- Award
Common Stock, par value $0.0001
2021-01-07+5,491→ 5,491 total
Footnotes (1)
- [F1]Received in exchange for 7.85 shares of phantom stock issued under the Landsea Homes Incorporated Phantom Stock Plan in connection with the completion of the merger (the "Merger"), on January 7, 2021 (the "Effective Date"), of the Issuer, LFCA Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Issuer, Landsea Homes Incorporated, a Delaware corporation, and Landsea Holdings Corporation, a Delaware corporation, pursuant to the Agreement and Plan of Merger, dated as of August 31, 2020 (the "Merger Agreement"). On the Effective Date, the reporting person's shares of phantom stock settled into 5,491 shares of the Issuer's common stock, par value $0.0001 per share, in addition to a cash settlement in the amount of $24,786.71 for the remainder thereof, in accordance with the Merger Agreement.