M. C. W. Webb - May 25, 2022 Form 4 Insider Report for VIDLER WATER RESOURCES, INC. (VWTR)

Role
Executive Chairman, CFO, Director
Signature
/s/ Maxim C.W. Webb
Stock symbol
VWTR
Transactions as of
May 25, 2022
Transactions value $
-$1,984,610
Form type
4
Date filed
6/6/2022, 12:21 PM
Previous filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VWTR Common Stock Disposition pursuant to a tender of shares in a change of control transaction -$1.34M -85.1K -100% $15.75 0 May 25, 2022 Direct F1
transaction VWTR Common Stock Disposed to Issuer -$644K -40.9K -100% $15.75 0 May 25, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VWTR Stock Options (Right to Buy) Disposed to Issuer -95.2K -100% 0 May 25, 2022 Common Stock 95.2K $14.51 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

M. C. W. Webb is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, dated April 13, 2022, by and among D.R. Horton, Inc., Potable Merger Sub, Inc. and Vidler Water Resources, Inc. (the "Merger Agreement") in exchange for the market value of $15.75 per share on May 25, 2022, the effective date of the merger.
F2 In connection with the Merger Agreement, these restricted stock units, which are fully vested, were converted into a right of the holder to receive an amount in cash equal to the per share merger consideration of $15.75 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger.
F3 In connection with the Merger Agreement, this stock option, which provided for vesting upon certain performance-based parameters, was cancelled without payment.