Taylor Morrison Home (TMHC) Form 4 Taylor Morrison Home / Sheryl Palmer ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Palmer Sheryl

(Last) (First) (Middle)

4900 N. SCOTTSDALE ROAD, SUITE 2000

(Street)

SCOTTSDALE AZ 85251

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Taylor Morrison Home Corp [ TMHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	02/10/2022		M		20,294	A	(1)	232,116	D
Common Stock	02/10/2022		F		6,085(2)	D	$29.46	226,031	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	02/10/2022		M			20,294	(3)	(3)	Common Stock	20,294	(4)	20,295	D
Employee Stock Option (Right to Buy)	$29.08	02/11/2022		A			111,562	(5)	02/11/2032	Common Stock	111,562	(6)	111,562	D
Restricted Stock Units	(7)	02/11/2022		A			75,653	(8)	(8)	Common Stock	75,653	(9)	75,653	D

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 10, 2020, the Reporting Person was granted 60,883 RSUs, generally vesting in three installments of approximately 33 1/3% on each of February 10, 2021, February 10, 2022 and February 10, 2023.

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 11, 2023, February 11, 2024, February 11, 2025 and February 11, 2026.

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 11, 2023, February 11, 2024 and February 11, 2025.

9. The RSUs were granted to the Reporting Person in accordance with the Equity Plan.

	/s/ Darrell Sherman, as Attorney-in-Fact	02/14/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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