DAUGHERTY PATRICK H 4
4 · MARINER HEALTH CARE INC · Filed Nov 26, 2003
Insider Transaction Report
Form 4
DAUGHERTY PATRICK H
Director
Transactions
- Sale
Common stock, par value $0.01 per share
2003-11-25$13.00/sh−4,248$55,224→ 42,587 total(indirect: By Highland Equity) - Sale
Common stock, par value $0.01 per share
2003-11-25$13.00/sh−82,709$1,075,217→ 829,086 total(indirect: By Highland Crusader) - Sale
Common stock, par value $0.01 per share
2003-11-25$13.00/sh−8,497$110,461→ 85,173 total(indirect: By KZH Pamco) - Sale
Common stock, par value $0.01 per share
2003-11-25$13.00/sh−4,546$59,098→ 45,576 total(indirect: By Prospect Street)
Holdings
- 2,800
Common stock, par value $0.01 per share
- 25,000
Options to purchase common stock
Exercise: $20.12Exp: 2012-05-15→ Common Stock (25,000 underlying)
Footnotes (6)
- [F1]Common stock held by Highland Crusader Offshore Partners, LP ("Highland Crusader"). Mr. Daugherty is General Counsel and Senior Portfolio Manager of Highland Capital Management, L.P. ("Highland Capital"), the general partner of Highland Crusader. Mr. Daugherty disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other person.
- [F2]Common stock held by Prospect Street High Income Portfolio, Inc. ("Prospect Street"). Mr. Daugherty is an employee of Highland Capital, the investment advisor for Prospect Street. Mr. Daugherty disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other person.
- [F3]Common stock held by KZH Pamco. Mr. Daugherty is an employee of Highland Capital, the investment advisor for KZH Pamco. Mr. Daugherty disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other person.
- [F4]Common stock held by Highland Equity Focus Fund, LP ("Highland Equity"). Mr. Daugherty is an employee of Highland Capital, the general partner of Highland Equity. Mr. Daugherty disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other person.
- [F5]Option to vest and become exercisable with respect to (i) 25% of the shares of Common Stock originally subject to the option on the date of grant, which was May 15, 2002, and (ii) an additional 25% on each of the three subsequent anniversaries of the grant date provided that Mr. Daugherty shall continue to serve as a director of Mariner Health Care, Inc. (the "Company") except as otherwise provided by the terms set forth in the 2002 Outside Directors' Stock Option Plan and the form of Stock Option Agreement issued pursuant thereto.
- [F6]Mr. Daugherty has agreed to assign or remit all compensation, including stock options, received as a director of the Company to his employer, Highland Capital. Accordingly, Mr. Daugherty disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other person.