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Taylor Morrison Home Corp — Director's Dealing 2013
Apr 10, 2013
30856_dirs_2013-04-10_a631c022-79ab-4bdd-a871-678cee682818.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Taylor Morrison Home Corp (TMHC)
CIK: 0001562476
Period of Report: 2013-04-10
Reporting Person: Wethor Stephen (President, West Region)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Partnership Units and Class B Common Stock | $ | Class A Common Stock (198912) | Direct |
Footnotes
F1: Pursuant to the terms of the Exchange Agreement dated as of April 9, 2013, Mr. Wethor may exchange all or a portion of his vested New TMM Units (along with an equal number of its Class B Shares) at any time for shares of Class A Common Stock (the "Class A Shares") of the Issuer on a one-for-one basis. Unvested New TMM Units (along with corresponding shares of of the issuer's Class B common stock) vest in equal annual installments of 20% per year on each anniversary of the original date of grant of the interests that were exchanged for the New TMM Units, subject to the individual's continued employment or service through the applicable vesting date
F2: The New TMM Units do not expire and the reporting person is not required to pay an exercise price in connection with exchanges. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the issuer's stockholders but does not entitle the holder to any of the economic rights associated with shares of the issuer's Class A common stock.