Taylor Morrison Home Corp — Director's Dealing 2020

Feb 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Taylor Morrison Home Corp (TMHC)
CIK: 0001562476
Period of Report: 2020-02-08

Reporting Person: Palmer Sheryl (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-08	Common Stock	M	25812	—	Acquired	261876	Direct
2020-02-08	Common Stock	F	8055	$26.2	Disposed	253821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-08	Restricted Stock Units	$	M	25812	Disposed		Common Stock (25812)	Direct
2020-02-10	Employee Stock Option (Right to Buy)	$26.28	A	112360	Acquired	2030-02-10	Common Stock (112360)	Direct
2020-02-10	Restricted Stock Units	$	A	60883	Acquired		Common Stock (60883)	Direct
2020-02-10	Performance Stock Option (Right to Buy)	$26.28	A	423175	Acquired	2030-02-10	Common Stock (423175)	Direct

Footnotes

F1: Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.

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

F3: On February 8, 2016, the Reporting Person was granted 77,434 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 8, 2018, February 8, 2019, and February 8, 2020.

F4: The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended (the "Equity Plan").

F5: Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of February 10, 2021, February 10, 2022, February 10, 2023, and February 10, 2024.

F6: The options were granted to the Reporting Person in accordance with the Equity Plan.

F7: Each RSU represents a contingent right to receive one share of Common Stock.

F8: Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 10, 2021, February 10, 2022, and February 10, 2023.

F9: The RSUs were granted to the Reporting Person in accordance with the Equity Plan.

F10: The performance options vest and become exercisable in three tranches upon satisfaction of both service and performance conditions. The service condition generally requires that the Reporting Person be continuously employed through February 10, 2023. The performance condition for each tranche requires a trailing 20-day average closing price of the Company's common stock that meets or exceeds $31.54, $34.16 and $36.79, with respect to the first, second and third tranches, respectively.