Sec Form 4 Filing - Owen Kathleen @ Taylor Morrison Home Corp - 2013-04-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Owen Kathleen
2. Issuer Name and Ticker or Trading Symbol
Taylor Morrison Home Corp [ TMHC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, Human Resources
(Last) (First) (Middle)
4900 N. SCOTTSDALE ROAD, SUITE 2000
3. Date of Earliest Transaction (MM/DD/YY)
04/12/2013
(Street)
SCOTTSDALE, AZ85251
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 22 04/12/2013 A 22,000 ( 1 ) 04/12/2023 Class A Common Stock 22,000 ( 2 ) 22,000 D
Common Partnership Units and Class B Common Stock ( 3 ) 04/09/2013 A 45,430 ( 3 ) ( 4 ) Class A Common Stock 45,430 ( 3 ) 45,430 D
Common Partnership Units and Class B Common Stock ( 3 ) 04/12/2013 D 4,116 ( 5 ) ( 3 ) ( 4 ) Class A Common Stock 4,116 $ 20.68 41,313 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Owen Kathleen
4900 N. SCOTTSDALE ROAD, SUITE 2000
SCOTTSDALE, AZ85251
VP, Human Resources
Signatures
/s/ Kathleen Owen 04/16/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of April 12, 2015, April 12, 2016, April 12, 2017 and April 12, 2018.
( 2 )The options were granted to Ms. Owen in accordance with the Taylor Morrison 2013 Omnibus Equity Award Plan.
( 3 )Pursuant to the terms of the Exchange Agreement dated as of April 9, 2013, Ms. Owen may exchange all or a portion of her vested New TMM Units (along with an equal number of its Class B Shares) at any time for shares of Class A Common Stock (the "Class A Shares") of the Issuer on a one-for-one basis. Unvested New TMM Units (along with corresponding shares of of the issuer's Class B common stock) vest in equal annual installments of 20% per year on each anniversary of the original date of grant of the interests that were exchanged for the New TMM Units, subject to the individual's continued employment or service through the applicable vesting date.
( 4 )The New TMM Units do not expire and the reporting person is not required to pay an exercise price in connection with exchanges. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the issuer's stockholders but does not entitle the holder to any of the economic rights associated with shares of the issuer's Class A common stock.
( 5 )Represents the sale of New TMM Units and Class B common stock by Ms. Owen to the issuer pursuant to the Management Purchase Agreement, dated as of April 12, 2013, by and among the issuer and Ms. Owen, as approved by the board of the issuer.

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