Gregory Bylinsky - 25 May 2022 Form 4 Insider Report for VIDLER WATER RESOURCES, INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 25 May 2022
Net transaction value: -$16,961,332
SEC form: 4
Accepted by SEC: 06 Jun 2022, 12:23:32 UTC
Prior SEC filing: 17 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Gregory Bylinsky

Key filing fact

Gregory Bylinsky filed Form 4 for VIDLER WATER RESOURCES, INC. on 06 Jun 2022.

Key facts

This page summarizes Gregory Bylinsky's Form 4 filing for VIDLER WATER RESOURCES, INC..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Jun 2022, 12:23.

Change

Previous filing in this sequence was filed on 17 Feb 2022.
Current net transaction value: -$16,961,332.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VWTR transaction

Common Stock

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value: $16,528,554
Shares: -1,049,432
Change %: -100%
Price: $15.75
Shares after: 0
Date: 25 May 2022
Ownership: Held by Bandera Master Fund.
Footnotes: F1, F2

VWTR transaction

Common Stock

Disposed to Issuer

Transaction value: $432,778
Shares: -27,478
Change %: -100%
Price: $15.75
Shares after: 0
Date: 25 May 2022
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Gregory Bylinsky is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Consists of securities directly held by Bandera Master Fund L.P. ("Bandera Master Fund"). Bandera Master Fund has delegated to Bandera Partners LLC ("Bandera Partners"), its investment manager, the sole and exclusive authority to vote and dispose of the securities held by Bandera Master Fund. Mr. Bylinsky, solely by virtue of his position as a Managing Partner, Managing Director and Portfolio Manager of Bandera Partners, may be deemed to beneficially own the securities held by Bandera Master Fund. Mr. Bylinsky expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Footnote F3

In connection with the Merger Agreement, these restricted stock units 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. Of Mr. Bylinsky's restricted stock units, 25,685 restricted stock units were fully vested prior to the consummation of the transactions contemplated by the Merger Agreement, and 1,793 restrict stock units were accelerated immediately prior to the consummation of the transactions contemplated by the Merger Agreement.