Bebo Laurie Ann 4
4 · ASSISTED LIVING CONCEPTS INC · Filed Feb 26, 2009
Insider Transaction Report
Form 4
Bebo Laurie Ann
DirectorPresident & CEO
Transactions
- Award
Tandem Stock Option/SARs (right to buy)
2009-02-26+20,000→ 20,000 totalExercise: $3.07From: 2010-02-22Exp: 2014-02-22→ Class A Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Award of tandem non-qualified stock options and stock appreciation rights for shares of the Issuer's Class A Common Stock ("Options/SAR's") granted on February 22, 2009. The exercise price is the mean of the high and low prices of the Issuer's Class A Common Stock on the New York Stock Exchange on February 26, 2009, the second business day following the Issuer's public release of quarterly financial results. The award also includes up to 80,000 additional Options/SARs which are contingent upon the attainment of certain performance criteria in 2009.
- [F2]The Options/SARs vest in three equal annual installments beginning on February 22, 2010.