Outten Cornelia 4
4 · American Caresource Holdings, Inc. · Filed Mar 17, 2010
Insider Transaction Report
Form 4
Outten Cornelia
VP of Network Development
Transactions
- Tax Payment
Restricted Stock Units
2010-03-15−1,625→ 12,525 total→ Common Stock, par value $0.01 (1,625 underlying) - Exercise/Conversion
Restricted Stock Units
2010-03-15−3,352→ 9,173 total→ Common Stock, par value $0.01 (3,352 underlying) - Exercise/Conversion
Common Stock, $0.01 par value per share
2010-03-15+3,352→ 5,352 total
Footnotes (2)
- [F1]Of the 14,150 Restricted Stock Units granted to the Reporting Person on 5/19/2009, 3,352 were converted into shares and delivered to the Reporting Person pursuant to the terms of the Restricted Stock Unit Award Agreement, while 1,625 Restricted Stock Units were withheld for purposes of meeting the Reporting Person's tax obligations. The closing price of the issuer's common stock on NASDAQ on 3/15/2010 was $1.85.
- [F2]The Restricted Stock Units vest in equal monthly installments beginning on 4/10/2009 and are delivered on the earliest of (i) March 15 of the taxable year following the taxable year in which such Restricted Stock Units vest, (ii) the date which is no later than one month after the Reporting Person's separation from service, or (iii) for certain Restricted Stock Units, March 15, 2011 or the date on which a change of control of the Company occurs.