Hennigar David 4
4 · ASSISTED LIVING CONCEPTS INC · Filed May 6, 2009
Insider Transaction Report
Form 4
Hennigar David
Director
Transactions
- Award
Tandem Stock Option/SARs (right to buy)
2009-05-04+4,000→ 4,000 totalExercise: $16.54From: 2010-04-30Exp: 2014-04-30→ Class A Common Stock (4,000 underlying)
Holdings
- 4,000
Tandem Stock Option/SARs (right to buy)
Exercise: $32.10From: 2009-05-05Exp: 2013-05-05→ Class A Common Stock (4,000 underlying)
Footnotes (5)
- [F1]Awards of tandem non-qualified stock options and stock appreciation rights for shares of the Issuer's Class A Common Stock ("Options/SAR's") approved on May 5, 2008. The exercise price is the closing price of the Issuer's Class A Common Stock on the New York Stock Exchange on May 7, 2008, the second business day following the Issuer's public release of quarterly financial results.
- [F2]These option/SARs were previously reported as covering 20,000 shares at an exercise price of $6.42 per share, but were adjusted to reflect the one-for-five reverse stock split that occurred on March 16, 2009.
- [F3]The Options/SARs vest in three equal annual installments beginning on May 5, 2009.
- [F4]Award of Option/SARs approved on April 30, 2009. The exercise price is the average of the high and low trading prices of the Issuer's Class A Common Stock on the New York Stock Exchange on May 4, 2009, the second business day following the Issuer's public release of quarterly financial results.
- [F5]The Options/SARs vest in three equal annual installments beginning on April 30, 2010.