-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SkGsJqZILhmqsZsvbAT74zqO6xmSkJX6WT4j4KQl26oenj4xunvB5f3OWrBgl8jD EDsGs7M3NyTEfoogxIzXmw== 0000818764-99-000001.txt : 19990309 0000818764-99-000001.hdr.sgml : 19990309 ACCESSION NUMBER: 0000818764-99-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990228 FILED AS OF DATE: 19990308 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTEX DEVELOPMENT CO LP CENTRAL INDEX KEY: 0000818764 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 752168471 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-09625 FILM NUMBER: 99559803 BUSINESS ADDRESS: STREET 1: PO BOX 19000 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 2145596700 MAIL ADDRESS: STREET 1: PO BOX 19000 STREET 2: PO BOX 19000 CITY: DALLAS STATE: TX ZIP: 75219 COMPANY DATA: COMPANY CONFORMED NAME: DECKER RICHARD C CENTRAL INDEX KEY: 0001060299 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 2728 N. HARWOOD, 9TH FLOOR CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2149815000 4 1 FORM 4 - 02/28/99 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Decker, Richard C. 2728 N. Harwood Dallas, TX 75201 USA 2. Issuer Name and Ticker or Trading Symbol Centex Development Company, L.P. trades in tandem with Centex Corporation - CTX 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 02/28/99 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) President and Chief Executive Officer 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| | | | | | | |0 | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Option Right to Buy |$13.375 |2/2/9|M (2| |0.0454 (3) |D |7/26/|7/26/|Warrants to |0.0454 | | | | | |(1) |9 |) | | | |98 |06 |Purchase Uni|(3) | | | | | | | | | | | | | |ts (4) | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Warrants |____(3) |2/2/9|M (2| |0.0454 (3) |A |____(|____(|Units |0.105(3|$13.375| | | | | |9 |) | | | |3) |3) | |) | (1) | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Warrants |____(3) |2/2/9|M (2| |0.0454 (3) |D |____(|____(|Units |0.105(3|$44.437|0.9077 (3) | | | | |9 |) | | | |3) |3) | |) |5 (1) | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) Per share of Common Stock of Centex Corporation. (2) This exercise and/or sale was made pursuant to and in reliance upon the exemption contained in Rule 16b-3. (3) Pursuant to a Nominee Agreement dated November 30, 1987, each person who is the beneficial owner of shares of Centex Corporation ("Centex") Common Stock is also the beneficial owner of an undivided interest in 900 warrants (the "Warrants") to purchase Class B units of limited partnership interest in Centex Development Company, L.P. ("CDC") at an exercise price of $500 per Class B unit, which Warrants are held of record by Chase Manhattan Bank as successor nominee. Each beneficial owner's proportionate interest in the Warrants is equal to the number of shares of Centex Common Stock he owns divided by the total number of shares of Centex Common Stock outstanding from time to time. The exercise price for the Warrants will be determined at the time they become exercisable based on the number of Warrants that are then exercisable, the manner in which the Warrants are subdivided at the discretion of the general partner of CDC and the number of shares of Centex Common Stock outstanding at that time. The Warrants will be exercisable for a 90-day period commencing on a date to be specified after their detachment. Unless sooner detached, the Warrants will be detached on November 30, 2007, unless such date is extended by a vote of the Centex stockholders. Until the Nominee Agreement is terminated with respect to the Warrants and certificates evidencing the Warrants are issued in the name of the beneficial owners thereof, the Reporting Person has no right to obtain a certificate evidencing his beneficial interest in the Warrants or to dispose of the Warrants separate from Centex Common Stock. Computations set forth in this Form have been made using 59,488,014 shares of Centex Common Stock outstanding as reported as of the close of business on January 29, 1999 as reported in Centex Corporation's Form 10-Q for fiscal quarter ended December 31, 1998. (4) "Units" is defined as Class B Limited Partnership Units. SIGNATURE OF REPORTING PERSON /s/ Richard C. Decker DATE March 5, 1999 -----END PRIVACY-ENHANCED MESSAGE-----