New Home Company Inc. (The) (NWHM) executive Stephens returned to the company 177,431 shares

Insider transactions reported

John Martin Stephens (executive at New Home Company Inc. (The), NWHM) reported that they returned to the company 177,431 shares, and disposed of 87,661 shares on Sep 8, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Stephens John Martin

Options and other derivatives

Holdings before and after

• Common Stock: 87,661 to 0 direct
• Stock Option: 59,987 to 0 direct

Footnotes from the filing

1. 1. Reflects disposition of Issuer common stock in connection with the consummation of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of July 23, 2021 (the Merger Agreement ), by and among Newport Holdings, LLC, Newport Merger Sub, Inc. ( Merger Sub ) and the Issuer, including the completion of a tender offer to purchase (the Offer ) all of the outstanding shares of Issuer common stock at a price of $9.00 per share in cash, without interest and subject to applicable withholding (the Offer Price ), and the consummation of the merger (the Merger ) between the Issuer and Merger Sub on September 8, 2021. Each share of Issuer common stock tendered in the Offer was acquired by Merger Sub in exchange for the Offer Price. As of the effective time of the Merger (the Effective Time ), each outstanding share of Issuer common stock was cancelled in exchange for the Offer Price.
2. 2. Reflects disposition of Issuer restricted stock units in accordance with the Merger Agreement, pursuant to which, effective immediately prior to the Effective Time, each Issuer restricted stock unit held by the Reporting Person was automatically cancelled and terminated and converted into the right to receive from the surviving corporation an amount in cash (without interest) equal to the product obtained by multiplying (x) the aggregate number of shares of Issuer common stock underlying such Issuer restricted stock unit immediately prior to the Effective Time by (y) the Offer Price.
3. 3. Reflects disposition of options to acquire shares of Issuer common stock (each, an Issuer Option ) in accordance with the Merger Agreement, pursuant to which, effective immediately prior to the Effective Time, each Issuer Option held by the Reporting Person, whether vested or unvested, was automatically cancelled and terminated and converted into the right to receive from the surviving corporation an amount in cash (without interest), if any, equal to the product obtained by multiplying (x) the aggregate number of shares of Issuer common stock underlying such Issuer Option immediately prior to the Effective Time by (y) the amount, if any, by which the Offer Price exceeds the per share exercise price of such Issuer Option.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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