Taylor Morrison Home Corp — Director's Dealing 2020

Mar 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Taylor Morrison Home Corp (TMHC)
CIK: 0001562476
Period of Report: 2020-03-03

Reporting Person: Terracciano Joseph (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-03	Common Stock	A	493	—	Acquired	493	Direct
2020-03-03	Common Stock	F	146	$23.49	Disposed	347	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-03	Performance-based restricted stock units	$	A	251	Acquired		Common Stock (251)	Direct
2020-03-03	Performance-based restricted stock units	$	A	337	Acquired		Common Stock (337)	Direct

Footnotes

F1: Represents the vesting and settlement of performance-based vesting restricted stock units ("PSUs") granted by the Issuer on February 2, 2017, under Issuer's 2013 Omnibus Equity Award Plan, as amended. Upon vesting, each PSU is settled in a share of the Issuer's Common Stock.

F2: Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of PSUs.

F3: On February 12, 2018, the Reporting Person received a grant of PSUs representing 637 shares of the Issuer's Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the second tranche (2019) were achieved at a level resulting in 251 PSUs being earned by the Reporting Person on March 3, 2020, subject to satisfaction of the vesting conditions for such grant.

F4: On February 19, 2019, the Reporting Person received a grant of PSUs representing 857 shares of the Issuer's Common Stock (at target). The PSUs cliff vest at the end of a three year performance cycle, generally subject to the Reporting Person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of return on net asset performance objectives approved by the Issuer's compensation committee for each year of the performance cycle. The compensation committee determined that the objectives for the first tranche (2019) were achieved at a level resulting in 337 PSUs being earned by the Reporting Person on March 3, 2020, subject to satisfaction of the vesting conditions for such grant.