FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/01/2022 |
3. Issuer Name and Ticker or Trading Symbol
Taylor Morrison Home Corp [ TMHC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 8,890 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to buy) | (1) | 02/12/2028 | Common Stock | 19,797 | $23.84 | D | |
Employee Stock Option (Right to buy) | (2) | 02/19/2029 | Common Stock | 27,926 | $18.18 | D | |
Employee Stock Option (Right to buy) | (3) | 02/10/2030 | Common Stock | 29,494 | $26.28 | D | |
Employee Stock Option (Right to buy) | (4) | 02/16/2031 | Common Stock | 28,886 | $28.32 | D | |
Restricted Stock Units | (5) | (5) | Common Stock | 4,813 | (6) | D | |
Restricted Stock Units | (7) | (7) | Common Stock | 10,655 | (6) | D | |
Restricted Stock Units | (8) | (8) | Common Stock | 14,831 | (6) | D | |
Performance-based Restricted Stock Units | (9) | (9) | Common Stock | 10,866 | (9) | D |
Explanation of Responses: |
1. Of these stock options, 9,898 are fully vested and the remainder vest on February 12, 2022, subject to certain conditions. |
2. These stock options vest in equal installments on each of February 19, 2022 and February 19, 2023, subject to certain conditions. |
3. Of these stock options, 7,373 are fully vested and the remainder vest in substantially equal installments on February 10, 2022, February 10, 2023, and February 10, 2024, subject to certain conditions. |
4. These stock options vest in substantially equal installments on each of February 16, 2022, February 16, 2023, February 16, 2024, and February 16, 2025, subject to certain conditions. |
5. These restricted stock units vest on February 19, 2022, subject to certain conditions. |
6. Each restricted stock unit represents a contingent right to receive one share of Common Stock. |
7. These restricted stock units vest in substantially equal installments on each of February 10, 2022 and February 10, 2023, subject to certain conditions. |
8. These restricted stock units vest in substantially equal installments on each of February 16, 2022, February 16, 2023 and February 16, 2024, subject to certain conditions. |
9. On February 19, 2019, the Reporting Person received a grant of PSUs representing 14,439 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) and second tranche (2020) were achieved at a level resulting in an aggregate of 10,866 PSUs being earned by the Reporting Person, subject to satisfaction of the vesting conditions for such grant. |
Remarks: |
Exhibit 24 - Power of Attorney |
/s/ Darrell Sherman, as Attorney-in-Fact | 01/10/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |