Filing Details

Accession Number:
0000833079-15-000021
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-12 18:25:06
Reporting Period:
2015-02-10
Filing Date:
2015-02-12
Accepted Time:
2015-02-12 18:25:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
833079 Meritage Homes Corp MTH Operative Builders (1531) 860611231
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1203308 M Steven Davis 8800 East Raintree Drive
Suite 300
Scottsdale AZ 85260
Exec Vp - Coo No Yes 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
Mth Common Shares Acquisiton 2015-02-10 12,500 $0.00 54,937 No 4 A Direct
Mth Common Shares Disposition 2015-02-11 11,138 $39.67 43,799 No 4 S Direct
Mth Common Stock Acquisiton 2015-02-11 12,419 $0.00 35,884 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 A Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Mth Common Shares Performance Rights Acquisiton 2015-02-11 7,452 $0.00 7,452 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,452 2018-02-11 No 4 A Direct
Footnotes
  1. Represents vesting of restricted stock upon achievement of pre-specified performance targets
  2. Represents sale of shares to cover required tax withholdings under a 10b5-1 plan.
  3. Balance reflects all other holdings, including restricted shares that have previously vested.
  4. Represents grant of restricted share units. The shares will fully vest on the third anniversary of the date of grant.
  5. Balance represents restricted shares and restricted share units not vested.
  6. Each performance award represents a contingent right to receive one share of MTH common stock. The performance awards vest upon MTH's common stock achieving a three-year total shareholder return relative to the Company's peer group, as determined by the Company and its compensation committee. The number of derivative securities and underlying securities is based on the maximum amount of shares that may be earned under the performance awards. The actual performance awards issued may range from 0 shares to the maximum noted above.