Robert D. Bates - 30 Nov 2021 Form 4 Insider Report for Legacy Housing Corp (LEGH)

Role
President and CEO
Signature
Robert Duncan Bates
Issuer symbol
LEGH
Transactions as of
30 Nov 2021
Net transactions value
+$40,599,985
Form type
4
Filing time
22 Jul 2022, 17:46:22 UTC
Previous filing
21 Sep 2021
Next filing
18 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEGH Common Stock, par value $0.001 per share ("Common Stock") Award $0 +401 +59% $0.000000 1,075 30 Nov 2021 Direct F1
transaction LEGH Common Stock Award $0 +14,700 +1367% $0.000000 15,775 07 Jun 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 LEGH Incentive Stock Option Award $999,985 +62,460 $16.01 62,460 07 Jun 2022 Common Stock 62,460 $16.01 Direct F3
transaction LEGH Incentive Stock Option Award $10,800,000 +300,000 $36.00 300,000 07 Jun 2022 Common Stock 300,000 $36.00 Direct F3
transaction LEGH Incentive Stock Option Award $28,800,000 +600,000 $48.00 600,000 07 Jun 2022 Common Stock 600,000 $48.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquired shares vest on October 4, 2022, subject to the Reporting Person's continuous service as a director or employee through and on such date.
F2 The shares of Common Stock vest in equal 50% increments on June 7, 2023 and June 7, 2024.
F3 The shares of Common Stock vest and become exercisable in equal annual 10% increments during the ten-year period commencing on June 7, 2022 and ending on June 7, 2032.