Eric H. Speron - May 25, 2022 Form 4 Insider Report for VIDLER WATER RESOURCES, INC. (VWTR)

Role
Director
Signature
/s/ Eric H. Speron by Maxim C.W. Webb per Power of Attorney dated January 20, 2016
Stock symbol
VWTR
Transactions as of
May 25, 2022
Transactions value $
-$13,722,408
Form type
4
Date filed
6/6/2022, 12:26 PM

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 -$1.15M -73.1K -100% $15.75 0 May 25, 2022 Direct F1
transaction VWTR Common Stock Disposition pursuant to a tender of shares in a change of control transaction -$2.99K -190 -100% $15.75 0 May 25, 2022 Held in IRA by Mr. Speron's wife. F1
transaction VWTR Common Stock Disposition pursuant to a tender of shares in a change of control transaction -$12.6M -798K -100% $15.75 0 May 25, 2022 Held by First Foundation Advisors. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric H. Speron 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 Consists of securities directly held by First Foundation Advisors. Mr. Speron is the Managing Director of Equities of First Foundation Advisors and has voting and dispositive control over such shares held by First Foundation Advisors. Mr. Speron disclaims beneficial ownership of the shares held by First Foundation Advisors, except to the extent of his pecuniary interest therein.