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Filing Details

Accession Number:
0001127602-14-005119
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-07 16:03:29
Reporting Period:
2014-02-05
Filing Date:
2014-02-07
Accepted Time:
2014-02-07 16:03:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1472787 First American Financial Corp FAF Title Insurance (6361) 261911571
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1017357 S Parker Kennedy 1 First American Way
Santa Ana CA 92707
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-12-11 322 $0.00 465,907 No 5 G Indirect By Limited Partnership
Common Stock Acquisiton 2013-12-11 322 $0.00 57,719 No 5 G Indirect By Spouse Via Limited Partnership
Common Stock Disposition 2013-12-11 1,932 $0.00 463,975 No 5 G Indirect By Limited Partnership
Common Stock Acquisiton 2014-02-05 93,162 $13.13 250,176 No 4 M Direct
Common Stock Disposition 2014-02-05 93,162 $24.98 157,014 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Indirect By Limited Partnership
No 5 G Indirect By Spouse Via Limited Partnership
No 5 G Indirect By Limited Partnership
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (Right to Buy) Disposition 2014-02-05 93,162 $0.00 93,162 $13.13
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2005-02-26 2014-02-26 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (Right to Buy) $15.70 2006-02-28 2015-02-28 93,162 93,162 Direct
Common Stock Employee Stock Option (Right to Buy) $20.40 2006-12-08 2015-12-08 93,163 93,163 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2015-02-28 93,162 93,162 Direct
2015-12-08 93,163 93,163 Direct
Footnotes
  1. Represents gifts of limited partnership interests.
  2. The cashless option exercise and sales reported on this Form 4 were executed pursuant to the reporting person's 10b5-1 trading plan described in The First American Corporation's ("FAC") Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007. The trading plan provides that each option held by the reporting person that is in-the-money after commissions will be exercised automatically on a cashless basis between and including the fifteenth and the first trading day preceding expiration. The options that are the subject of this Form 4 would have expired on 02/26/2014.
  3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.90 to $25.10, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  4. Includes 33,810 unvested Resticted Stock Units ("RSUs") acquired in a pro rata distribution by The First American Corporation ("FAC") on June 1, 2010 on account of an original grant of 67,444 FAC RSUs, and shares acquired through automatic dividend reinvestment, of which 67,850 were unvested at the time of the distribution, half of which were converted into issuer RSUs. The vesting schedule of the FAC RSUs, vesting in five equal annual increments commencing 3/3/11, the first anniversary of the grant, has been carried over to the issuer RSUs.
  5. Includes 8,856 unvested RSUs acquired pursuant to an original grant of 16,761 RSUs, and shares acquired through automatic dividend reinvestment, vesting in four equal annual increments commencing 3/3/12, the first anniversary of the grant.
  6. Includes 5,681 unvested RSUs acquired pursuant to an original grant of 10,732 RSUs, and shares acquired through automatic dividend reinvestment, vesting in four equal annual increments commencing 3/31/12, the first anniversary of the grant.
  7. Includes 2,839 unvested RSUs, acquired pursuant to an original grant of 4,102 RSUs, and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 3/20/13, the first anniversary of the grant.
  8. Includes 2,609 unvested RSUs, acquired pursuant to an original grant of 2,571 RSUs, and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 3/20/2014, the first anniversary of the grant.
  9. The vesting schedule of the original FAC option, vesting in five equal annual increments commencing 02/26/05, the first anniversary of the grant, has been carried over to the issuer options.
  10. The vesting schedule of the original FAC option, vesting in five equal annual increments commencing 02/28/06, the first anniversary of the grant, has been carried over to the issuer options.
  11. The vesting schedule of the original FAC option, vesting in five equal annual increments commencing 12/08/06, the first anniversary of the grant, has been carried over to the issuer options.