4/A//SEC Filing
AFFORDABLE RESIDENTIAL COMMUNITIES INC 4/A
Accession 0001104659-07-012811
$HTHCIK 0001265131operating
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 7:45 PM ET
Size
13.0 KB
Accession
0001104659-07-012811
Insider Transaction Report
Form 4/AAmended
Willard Larry D
DirectorPresident and CEO
Transactions
- Award
Common Stock par value $.01
2007-01-23$8.00/sh+72$576→ 372 total(indirect: Alex Willard) - Award
Common Stock par value $.01
2007-01-23$8.00/sh+7,502$60,016→ 38,506 total
Holdings
- 200,000
Non-Qualified Stock Option (right to buy)
Exercise: $10.74Exp: 2016-07-27→ Common Stock par value $ .01 (200,000 underlying)
Footnotes (5)
- [F1]Shares acquired pursuant to ARC's Subscription Rights Offering (the "Rights Offering") dated December 22, 2006, which closed on January 23, 2007. Number of shares miscalculated on Form 4 filing of 1-25-07
- [F2]Price per share of common stock under the Rights Offering, pursuant to the Prospectus, dated December 22, 2006.
- [F3]Shares purchased by Mr. Willard for grandchildren's individual trusts. Mr. Willard serves as custodian of each trust and shares purchased for each may be deemed to be beneficially owned by Mr. Willard. Mr. Willard disclaims beneficial ownership of 373 shares held in trust for Alex Willard, 373 shares held in trust for Zach Willard and 373 shares held in trust for Haley Willard.
- [F4]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.
- [F5]Number miscalculated in Form 4 filed on 1-25-07.
Documents
Issuer
AFFORDABLE RESIDENTIAL COMMUNITIES INC
CIK 0001265131
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001265131
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 7:45 PM ET
- Size
- 13.0 KB