AFFORDABLE RESIDENTIAL COMMUNITIES INC 4
4 · AFFORDABLE RESIDENTIAL COMMUNITIES INC · Filed Jul 31, 2006
Insider Transaction Report
Form 4
Willard Larry D
DirectorPresident and CEO
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2006-07-27+200,000→ 200,000 totalExercise: $10.74Exp: 2016-07-27→ Common Stock par value $.01 (200,000 underlying)
Footnotes (1)
- [F1]Option granted under the issuer's 2003 Equity Incentive Plan. Option will vest with respect to 1/3 of the shares on each of the first three anniversaries of the date of grant subject to continued employment, and will become fully vested on a Change in Control (as defined in the plan) or in the event of the reporting person's death.