AFFORDABLE RESIDENTIAL COMMUNITIES INC 4
4 · AFFORDABLE RESIDENTIAL COMMUNITIES INC · Filed Jun 5, 2007
Insider Transaction Report
Form 4
Willard Larry D
DirectorPresident and CEO
Transactions
- Purchase
Common Stock par value $.01
2007-06-01$11.62/sh+1,494$17,360→ 40,000 total
Holdings
- 372(indirect: Alex Willard)
Common Stock par value $.01
- 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $11.28Exp: 2016-07-27→ Common Stock par value $.01 (10,000 underlying) - 200,000
Non-Qualified Stock Option (right to buy)
Exercise: $10.74Exp: 2016-07-27→ Common Stock par value $.01 (200,000 underlying)
Footnotes (2)
- [F1]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 372 shares held in trust for Alex Willard, 372 shares held in trust for Zach Willard and 372 shares held in trust for Haley Willard.
- [F2]Options granted under the issuer's 2003 Equity Incentive Plan. Options will vest with respect to 1/3 of the options on July 27, 2007, and 1/3 vesting on July 27, 2008 and the last 1/3 vesting on July 27, 2009, 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.