Sec Form 4 Filing - Sherman Darrell @ Taylor Morrison Home Corp - 2020-02-08

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
Sherman Darrell
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)
EVP, CLO & Secretary
(Last) (First) (Middle)
4900 N. SCOTTSDALE ROAD, SUITE 2000
3. Date of Earliest Transaction (MM/DD/YY)
02/08/2020
(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
Common Stock 02/08/2020 M 3,780 A 87,233 D
Common Stock 02/08/2020 F 1,112 ( 2 ) D $ 26.2 86,121 D
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
Restricted Stock Units ( 1 ) 02/08/2020 M 3,780 ( 3 ) ( 3 ) Common Stock 3,780 ( 4 ) 0 D
Employee Stock Option (Right to Buy) $ 26.28 02/10/2020 A V 21,348 ( 5 ) 02/10/2030 Common Stock 21,348 ( 6 ) 21,348 D
Restricted Stock Units ( 7 ) 02/10/2020 A V 11,568 ( 8 ) ( 8 ) Common Stock 11,568 ( 9 ) 11,568 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sherman Darrell
4900 N. SCOTTSDALE ROAD, SUITE 2000
SCOTTSDALE, AZ85251
EVP, CLO & Secretary
Signatures
/s/ Darrell Sherman 02/11/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents settlement of restricted stock units ("RSUs") through the issuance of one share of Common Stock for each vested RSU.
( 2 )Represents shares of Common Stock withheld by the Issuer to cover tax withholding obligations upon the vesting of RSUs.
( 3 )On February 8, 2016, the Reporting Person was granted 11,338 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 8, 2018, February 8, 2019, and February 8, 2020.
( 4 )The RSUs were granted to the Reporting Person pursuant to the Taylor Morrison 2013 Omnibus Equity Award Plan, as amended (the "Equity Plan").
( 5 )Subject to certain conditions, the options will generally vest in four equal installments of 25% on each of February 10, 2021, February 10, 2022, February 10, 2023, and February 10, 2024.
( 6 )The options were granted to the Reporting Person in accordance with the Equity Plan.
( 7 )Each RSU represents a contingent right to receive one share of Common Stock.
( 8 )Subject to certain conditions, the RSUs will generally vest in three installments of approximately 33 1/3% on each of February 10, 2021, February 10, 2022, and February 10, 2023.
( 9 )The RSUs were granted to the Reporting Person in accordance with the Equity Plan.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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