William H. Lyon - Feb 6, 2020 Form 4/A - Amendment Insider Report for Taylor Morrison Home Corp (TMHC)

Role
Director
Signature
/s/ William H. Lyon
Stock symbol
TMHC
Transactions as of
Feb 6, 2020
Transactions value $
$0
Form type
4/A - Amendment
Date filed
6/2/2021, 09:39 PM
Date Of Original Report
Feb 10, 2020
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Award +57.1K 57.1K Feb 6, 2020 By Trust F1, F2, F3
holding TMHC Common Stock 2.35K Feb 6, 2020 By Trust F4
holding TMHC Common Stock 3.85M Feb 6, 2020 By LLC F5
holding TMHC Common Stock 263K Feb 6, 2020 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 6, 2020, pursuant to that certain Agreement and Plan of Merger dated November 5, 2019 (the "Merger Agreement") among Taylor Morrison Home Corporation (the "Issuer"), Tower Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub"), and William Lyon Homes, Merger Sub merged with and into William Lyon Homes (the "Merger"), with William Lyon Homes surviving as a wholly owned subsidiary of the Issuer. Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each outstanding share of Class A common stock and Class B common stock of William Lyon Homes (other than certain excluded shares as described in the Merger Agreement) was automatically converted into the right to receive (A) 0.8000 fully paid and non-assessable shares of the Issuer's common stock, having a market value of approximately $21.86 on the date prior to the effective date of the Merger, and (B) $2.50 in cash, without interest.
F2 On February 10, 2020, the reporting person filed a Form 4 that inadvertently omitted the indirect ownership of common stock held by The William and Willa Dean Lyon Family Trust, of which the Reporting Person is co-trustee. In fact, on February 6, 2020, The William and Willa Dean Lyon Family Trust acquired 57,127 shares of the Issuer's common stock as described further in footnote 1.
F3 Held by The William and Willa Dean Lyon Family Trust of which the Reporting Person is co-trustee.
F4 Held by the William Harwell Lyon Separate Property Trust established July 28, 2000 of which the Reporting Person is trustee.
F5 Held by Lyon Shareholder 2012, LLC ("Lyon LLC"). The member of Lyon LLC are the William Harwell Lyon Separate Property Trust established July 28, 2000 (the "Lyon Separate Property Trust"), the Lyon Shareholder 2012 Irrevocable Trust No. 1 established December 24, 2012, and the Lyon Shareholder 2012 Irrevocable Trust No. 2 established December 24, 2012 (collectively, the "Lyon Trusts"). The Reporting Person is the manager of Lyon LLC and the trustee of the Lyon Trusts, and in such capacities, has voting and investment power with respect to securities held by Lyon LLC. The Reporting Person is also the beneficiary of each of the Lyon Trusts.