MULAC JOSEPH CARL III 4
4 · AV Homes, Inc. · Filed Mar 25, 2013
Insider Transaction Report
Form 4
AV Homes, Inc.AVHI
MULAC JOSEPH CARL III
EXECUTIVE VICE PRESIDENT
Transactions
- Disposition to Issuer
Common Stock
2013-03-21−105,000→ 39,446 total - Award
Common Stock
2013-03-21+16,891→ 56,287 total - Disposition to Issuer
Common Stock
2012-12-31−24,000→ 147,696 total - Tax Payment
Common Stock
2012-12-31$14.22/sh−3,200$45,504→ 144,446 total
Footnotes (3)
- [F1]The balance corrects an error in the balance reported on the Reporting Person's last Form 4 filed on March 7, 2013, which should have shown his total holdings as 171,646 shares.
- [F2]The performance-based vesting portion of the restricted stock award issued to the Reporting Person on September 29, 2011 was cancelled in connection with the grant to the Reporting Person of a new performance-based restricted stock award on March 21, 2013 as the Compensation Committee sought to adjust the performance objectives of the Issuer's management team based on the Issuer's current business strategy.
- [F3]The restricted stock award was granted under the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement) and vests as to 25% of the shares on each of December 31, 2013, 2014, 2015 and 2016 if certain performance goals are achieved for each annual period.