GARRISON GARRY N 4
4 · KINDRED HEALTHCARE, INC · Filed Jan 12, 2009
Insider Transaction Report
Form 4
GARRISON GARRY N
Director
Transactions
- Disposition to Issuer
Option Right to Buy
2009-01-12−5,000→ 0 totalExercise: $27.90From: 2006-01-10Exp: 2015-01-10→ Common Stock (5,000 underlying) - Award
Option Right to Buy
2009-01-12+6,542→ 6,542 totalExercise: $21.33From: 2006-01-10Exp: 2015-01-10→ Common Stock (6,542 underlying)
Footnotes (3)
- [F1]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 1/10/2005 and provides for vesting in cumulative equal annual installments over four years commencing on 1/10/2006. The amendment of the option permits the option to remain exercisable for the original life of the option upon retirement or other similar separation of the reporting person from the Board of Directors of Kindred Healthcare, Inc. ("Kindred"). The replacement option also reflects prior adjustments under the Kindred Healthcare, Inc. 2001 Equity Plan for Non-Employee Directors (Amended and Restated) which were made upon the July 2007 spin-off of Kindred's former institutional pharmacy business.
- [F2]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 1/10/2006 and provides for vesting in cumulative equal annual installments over four years commencing on 1/10/2007. The amendment of the option permits the option to remain exercisable for the original life of the option upon retirement or other similar separation of the reporting person from the Board of Directors of Kindred Healthcare, Inc. ("Kindred"). The replacement option also reflects prior adjustments under the Kindred Healthcare, Inc. 2001 Equity Plan for Non-Employee Directors (Amended and Restated) which were made upon the July 2007 spin-off of Kindred's former institutional pharmacy business.
- [F3]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 1/10/2007 and provides for vesting in cumulative equal annual installments over four years commencing on 1/10/2008. The amendment of the option permits the option to remain exercisable for the original life of the option upon retirement or other similar separation of the reporting person from the Board of Directors of Kindred Healthcare, Inc. ("Kindred"). The replacement option also reflects prior adjustments under the Kindred Healthcare, Inc. 2001 Equity Plan for Non-Employee Directors (Amended and Restated) which were made upon the July 2007 spin-off of Kindred's former institutional pharmacy business.