Sam Bakhshandehpour - 08 Sep 2021 Form 4 Insider Report for New Home Co Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Sep 2021, 17:47:37 UTC
Prior SEC filing
20 May 2021
Next SEC filing
05 Oct 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Miek Harbur, Attorney-in-Fact for Sam Bakhshandehpour

Key filing fact

Sam Bakhshandehpour filed Form 4 for New Home Co Inc. on 09 Sep 2021.

Key facts

  • This page summarizes Sam Bakhshandehpour's Form 4 filing for New Home Co Inc..
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 09 Sep 2021, 17:47.

Change

  • Previous filing in this sequence was filed on 20 May 2021.
  • Current net transaction value: $0.

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.

NWHM transaction

Common Stock

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

Transaction value
Shares
-58,385
Change %
-100%
Price
Shares after
0
Date
08 Sep 2021
Ownership
Direct
Footnotes
F1
NWHM transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-9,917
Change %
-100%
Price
Shares after
0
Date
08 Sep 2021
Ownership
Direct
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 2 footnotes

Footnote F1

Reflects disposition of Issuer common stock in connection with the consummation of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of July 23, 2021 (the "Merger Agreement"), by and among Newport Holdings, LLC, Newport Merger Sub, Inc. ("Merger Sub") and the Issuer, including the completion of a tender offer to purchase (the "Offer") all of the outstanding shares of Issuer common stock at a price of $9.00 per share in cash, without interest and subject to applicable withholding (the "Offer Price"), and the consummation of the merger (the "Merger") between the Issuer and Merger Sub on September 8, 2021. Each share of Issuer common stock tendered in the Offer was acquired by Merger Sub in exchange for the Offer Price. As of the effective time of the Merger (the "Effective Time"), each outstanding share of Issuer common stock was cancelled in exchange for the Offer Price.

Footnote F2

Reflects disposition of Issuer restricted stock units in accordance with the Merger Agreement, pursuant to which, effective immediately prior to the Effective Time, each Issuer restricted stock unit held by the Reporting Person was automatically cancelled and terminated and converted into the right to receive from the surviving corporation an amount in cash (without interest) equal to the product obtained by multiplying (x) the aggregate number of shares of Issuer common stock underlying such Issuer restricted stock unit immediately prior to the Effective Time by (y) the Offer Price.

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