Toggle SGML Header (+)


Section 1: SC 13G/A (SC 13G/A)

Document


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
(Amendment No. 4)*

The New Home Company Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
645370107
(CUSIP Number)
December 31, 2018
(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
 
 
 
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 








 
 
 
 
 
 
 
 
 
 
CUSIP No.: 645370107
 
 
1
 
NAMES OF REPORTING PERSONS
H. Lawrence Webb
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) x (b) o
 
3
 
SEC USE ONLY
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH:
 
5
 
SOLE VOTING POWER
 
 1,006,574 (1)
 
6
 
SHARED VOTING POWER
 
5,877,672 (2)
 
7
 
SOLE DISPOSITIVE POWER
 
1,006,574 (1)
 
8
 
SHARED DISPOSITIVE POWER
 
23,364 (3)
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 1,029,938 (3)(4)
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) x
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.1% (5)
12
 
TYPE OF REPORTING PERSON (see instructions)
IN





(1)
Consists of 722,904 shares of common stock, par value $0.01 per share, of the Issuer (“Common Stock”) held as of the date hereof by Mr. Webb, 227,273 stock options that vested on 1/30/17 that Mr. Webb has the right to exercise, and 56,397 restricted stock units which will vest, and Mr. Webb will have the right to acquire, within 60 days of this filing.
 
 
(2)
Consists of the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons (as defined in this Schedule 13G) and the Separately Filing Group Member (as defined in this Schedule 13G), without duplication. The Reporting Persons have entered into certain agreements with the Separately Filing Group Member that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock held thereby. As a result, the Reporting Persons and the Separately Filing Group Member may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act. Mr. Webb disclaims beneficial ownership of the shares held by the Separately Filing Group Member except to the extent of any pecuniary interest therein. Mr. Webb may also be deemed to have shared voting power over 10,184 shares of common stock, par value $0.01 per share, of the Issuer held as of the filing date by Joan Marcus Webb, 5,525 stock options that Ms. Marcus Webb has the right to exercise, and 7,655 restricted stock units that will vest, and Ms. Marcus Webb will have the right to acquire within 60 days of this filing, because Mr. and Mrs. Webb are married. Mr. Webb disclaims beneficial ownership of the shares held by Ms. Marcus Webb except to the extent of any pecuniary interest therein.
 
(3)
Mr. Webb may be deemed to have shared voting and dispositive power over 10,184 shares of common stock, par value $0.01 per share, of the Issuer held as of the filing date by Joan Marcus Webb, 5,525 stock options that Ms. Marcus Webb has the right to exercise, and 7,655 restricted stock units that will vest, and Ms. Marcus Webb will have the right to acquire within 60 days of this filing, because Mr. and Mrs. Webb are married. Mr. Webb disclaims beneficial ownership of the shares held by Ms. Marcus Webb except to the extent of any pecuniary interest therein.
 
 
(4)
Excludes shares directly or indirectly held by the other Reporting Persons and Separately Filing Group Member.

 
 
(5)
Based on: (i) 20,438,409 shares of Common Stock issued and outstanding as of October 29, 2018, as reported by Issuer in its most recent Form 10-Q filed October 31, 2018, less (ii) 531,418 shares of common stock repurchased and retired by the Issuer following the date of the Issuer's most recent Form 10-Q through the filing date, plus (iii) 227,273 stock options Mr. Webb has the right to exercise, plus (iv) 56,397 restricted stock units which will vest, and Mr. Webb will have the right to acquire, within 60 days of this filing, plus (v) 5,525 stock options Ms. Marcus Webb has the right to exercise, plus (vi) 7,655 restricted stock units which will vest, and Ms. Marcus Webb will have the right to acquire within 60 days of this filing for a total of 20,203,841 shares of Common Stock outstanding.






 
CUSIP No.: 645370107
 
 
1
 
NAMES OF REPORTING PERSONS
Wayne Stelmar
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) x (b) o
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH:
 
5
 
SOLE VOTING POWER
 
973,261 (1)
 
6
 
SHARED VOTING POWER
 
5,877,672 (2)
 
7
 
SOLE DISPOSITIVE POWER
 
973,261 (1)
 
8
 
SHARED DISPOSITIVE POWER
 
0
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
973,261 (4)
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) x
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
4.8% (3)
12
 
TYPE OF REPORTING PERSON (see instructions)
IN
 
(1)
Consists of 721,672 shares of the Common Stock held as of the date hereof by the W and L Stelmar Trust Dated 5/26/06, of which Mr. Stelmar is a trustee (the “Stelmar Trust”), 55,443 shares of Common Stock held directly by Mr. Stelmar, 181,818 stock options that Mr. Stelmar has the right to exercise, and 14,328 restricted stock units which will vest and Mr. Stelmar will have the right to acquire within 60 days of this filing.
 
(2)
Consists of the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons and the Separately Filing Group Member, without duplication. The Reporting Persons have entered into certain agreements with the Separately Filing Group Member that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock held thereby. As a result, the Reporting Persons and the Separately Filing Group Member may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act. Each of Mr. Stelmar and the Stelmar Trust disclaims beneficial ownership of the shares held by the Separately Filing Group Member except to the extent of any pecuniary interest therein.
 
(3)
Based on: (i) 20,438,409 shares of Common Stock issued and outstanding as of October 29, 2018, as reported by Issuer in its most recent Form 10-Q filed October 31, 2018, less (ii) 531,418 shares of common stock repurchased and retired by the Issuer following the date of the Issuer's most recent Form 10-Q through the filing date, plus (iii) 181,818 stock options Mr. Stelmar has the right to exercise, plus (iv) 14,328 restricted stock units which will vest, and Mr. Stelmar will have the right to acquire, within 60 days of this filing for a total of 20,103,137 shares of Common Stock outstanding.
 
 
(4)
Excludes shares directly or indirectly held by the other Reporting Persons and Separately Filing Group Member.






 
 
CUSIP No.: 645370107
 
 
1
 
NAMES OF REPORTING PERSONS
Joseph D. Davis
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) x (b) o
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH:
 
5
 
SOLE VOTING POWER
 
732,385 (1)
 
6
 
SHARED VOTING POWER
 
5,877,672 (2)
 
7
 
SOLE DISPOSITIVE POWER
 
732,385 (1)
 
8
 
SHARED DISPOSITIVE POWER
 
0
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
732,385 (4)
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) x
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
3.6% (3)
12
 
TYPE OF REPORTING PERSON (see instructions)
IN
(1)
Consists of 515,441 shares of the Common Stock held as of the date hereof by the Joseph and Terri Davis Family Trust Under Declaration of Trust Executed on August 23, 1999, of which Mr. Davis is a trustee (the “Davis Trust”), 35,126 shares of common sock held directly by Mr. Davis, and 181,818 stock options Mr. Davis has the right to exercise.
 
 
(2)
Consists of the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons and the Separately Filing Group Member, without duplication. The Reporting Persons have entered into certain agreements with the Separately Filing Group Member that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock held thereby. As a result, the Reporting Persons and the Separately Filing Group Member may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act. Each of Mr. Davis and the Davis Trust disclaims beneficial ownership of the shares held by the Separately Filing Group Member except to the extent of any pecuniary interest therein.
 
 
(3)
Based on: (i) 20,438,409 shares of Common Stock issued and outstanding as of October 29, 2018, as reported by Issuer in its most recent Form 10-Q filed October 31, 2018, less (ii) 531,418 shares of common stock repurchased and retired by the Issuer following the date of the Issuer's most recent Form 10-Q through the filing date, plus (iii) 181,818 stock options Mr. Davis has the right to exercise, for a total of 20,088,809 shares of Common Stock outstanding.
 
 
(4)
Excludes shares directly or indirectly held by the other Reporting Persons and Separately Filing Group Member.






 
 
 
 
 
 
 
 
 
CUSIP No.: 645370107
 
 
1
 
NAMES OF REPORTING PERSONS
Thomas Redwitz
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) x (b) o
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH:
 
5
 
SOLE VOTING POWER
 
710,240 (1)
 
6
 
SHARED VOTING POWER
 
5,877,672 (2)
 
7
 
SOLE DISPOSITIVE POWER
 
710,240 (1)
 
8
 
SHARED DISPOSITIVE POWER
 
0
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
710,240 (4)
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) x
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
3.5% (3)
12
 
TYPE OF REPORTING PERSON (see instructions)
 
IN
(1)
Consists of 443,322 shares of the Common Stock held as of the date hereof by the Redwitz Family Trust Dated April 23, 1999, of which Mr. Redwitz is a trustee (the “Redwitz Trust”), 50,202 shares of Common Stock held directly by Mr. Redwitz, 181,818 stock options Mr. Redwitz has the right to exercise, and 34,898 restricted stock units which will vest, and Mr. Redwitz will have the right to acquire, within 60 days of this filing.
 
 
(2)
Consists of the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons and the Separately Filing Group Member, without duplication. The Reporting Persons have entered into certain agreements with the Separately Filing Group Member that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock held thereby. As a result, the Reporting Persons and the Separately Filing Group Member may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act. Each of Mr. Redwitz and the Redwitz Trust disclaims beneficial ownership of the shares held by the Separately Filing Group Member except to the extent of any pecuniary interest therein.
 
 
(3)
Based on: (i) 20,438,409 shares of Common Stock issued and outstanding as of October 29, 2018, as reported by Issuer in its most recent Form 10-Q filed October 31, 2018, less (ii) 531,418 shares of common stock repurchased and retired by the Issuer following the date of the Issuer's most recent Form 10-Q through the filing date, plus (iii) 181,818 stock options Mr. Redwitz has the right to exercise, plus (iv) 34,898 restricted stock units which will vest, and Mr. Redwitz will have the right to acquire, within 60 days of this filing for a total of 20,123,707 shares of Common Stock outstanding.
 
 
(4)
Excludes shares directly or indirectly held by the other Reporting Persons and Separately Filing Group Member.





CUSIP No.: 645370107
 
 
 
 
 
 
 
 
 
 
 
Item 1
(a).
Name of Issuer:
 
 
 
 
The New Home Company Inc.
 
 
 
 
 
 
 
Item 1
(b).
Address of Issuer’s Principal Executive Offices:
 
 
 
 
85 Enterprise, Suite 450
Aliso Viejo, California 92656
 
 
 
 
 
 
 
 
Item 2
(a).
Name of Person(s) Filing:
 
 
 
 
H. Lawrence Webb;
Wayne Stelmar;
Joseph D. Davis; and
Thomas Redwitz (collectively, the “Reporting Persons”)
 
 
 
 
 
 
Item 2
(b).
Address of Principal Business Office or, if none, Residence:
 
 
 
Principal business office for the Reporting Persons:
 
 
 
 
85 Enterprise, Suite 450
Aliso Viejo, California 92656
 
 
 
Item 2
(c).
Citizenship:
 
 
 
 
H. Lawrence Webb
United States of America
 
 
 
Wayne Stelmar
United States of America
 
 
 
Joseph D. Davis
United States of America
 
 
 
Thomas Redwitz
United States of America
 
 
 
 
 
 
Item 2
(d).
Title of Class of Securities:
 
 
 
 
Common Stock, $0.01 par value per share (the “Common Stock”)
 
 
 
 
 
 
Item 2
(e).
CUSIP Number:
 
 
 
 
645370107
 
 
 
 
 
 
 
Item 3.
Not Applicable.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 4.
 
Ownership:
Reference is made to Items 5-9 and 11 and the footnotes thereto on the cover pages to this Schedule 13G, which are incorporated by reference herein. The number of shares of Common Stock beneficially owned by the Separately Filing Group Member is based solely on the information contained in the filing made by the Separate Filing Member on or around the date hereof to report its beneficial ownership of shares of Common Stock within the meaning of Rule 13d-3.
 
 
 
 
 
 
 
Item 5.
 
Ownership of Five Percent or Less of a Class:
 
 
 
 
Not applicable.
 
 
 
 
 
 
 
Item 6.
 
Ownership of More than Five Percent on Behalf of Another Person:
 
 
 
 
 
 
Not applicable.
 
 
 
 
 
 
 
 





Item 7.
 
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
 
 
 
 
Not applicable.
 
 
 
 
 
 
 
Item 8.
 
Identification and Classification of Members of the Group:
 
 
 
 
 
 
The Reporting Persons may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Persons and the other persons referred to on Exhibit B attached to this Schedule 13G (the “Separately Filing Group Member”). It is the understanding of the Reporting Persons that the Separately Filing Group Member will or have filed separate reports to report its beneficial ownership of shares of Common Stock.
 
 
 
 
 
 
 
 
 
Item 9.
 
Notice of Dissolution of Group:
 
 
 
 
 
 
See Exhibit C.

 
 
 
 
 
 
 
 
 
Item 10.
 
Certification:
 
 
 
 
 
 
Not applicable.
 
 
 
 
 

 





 
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2019
 
 
 
 
By:
/s/ H. Lawrence Webb
 
H. Lawrence Webb, an individual
 
 
 
 
By:
/s/ Wayne Stelmar
 
Wayne Stelmar, an individual
 
 
 
 
By:
/s/ Joseph D. Davis
 
Joseph D. Davis, an individual
 
 
 
 
By:
/s/ Thomas Redwitz
 
Thomas Redwitz, an individual
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 














EXHIBIT A
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of The New Home Company Inc. may be filed in a single statement on behalf of each of such persons.
 
 Dated this 14th day of February, 2019
 
 
 
 
 
 
 
By:
/s/ H. Lawrence Webb
 
H. Lawrence Webb, an individual
 
 
 
 
By:
/s/ Wayne Stelmar
 
Wayne Stelmar, an individual
 
 
 
 
By:
/s/ Joseph D. Davis
 
Joseph D. Davis, an individual
 
 
 
 
By:
/s/ Thomas Redwitz
 
Thomas Redwitz, an individual
 
 
 
 
 
 
 

 














EXHIBIT B
Separately Filing Group Member
 
IHP Capital Partners VI, LLC, a Delaware limited liability company






EXHIBIT C

Dissolution of a Group as to Watt/TNHC, LLC and TCN/TNHC LP

As noted in the original Schedule 13G/A and its subsequent amendments, the Separate Filing Group Members formerly included IHP Capital Partners VI, LLC (“IHP”), Watt/TNHC, LLC (“Watt”), TCN/TNHC LP (“Tricon”) (collectively, the “Institutional Investors”). Such Separate Filing Group Members together with the Reporting Persons may have been deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act. On May 22, 2018, The New Home Company Inc. (the “Company”), the Institutional Investors and the Reporting Persons (in their individual capacities and as successors in interest to TNHC Partners LLC), entered into Amendment No. 1 (the “Amendment”) to that certain Investor Rights Agreement, dated as of February 5, 2014 (the “Investor Rights Agreement”). As a result of the Amendment, the Investor Rights Agreement was terminated effective May 22, 2018 as to each of Watt and Tricon. As a result, among other things, as of May 22, 2018, Watt and Tricon are no longer bound by the voting obligations set forth in the Investor Rights Agreement and, as such date, Watt and Tricon, are no longer filing as a “group,” within the meaning of Section 13(d)(3) of the Act with the Reporting Persons or IHP. All further filings with respect to transactions in the security reported on will be filed, if required, by Watt and/or Tricon, in their individual capacity.



(Back To Top)