Tyler Raymond L 4

4 · ADVOCAT INC · Filed Jan 4, 2010

Form 4

Period: 2009-12-31

SVP of Nursing Home Operations

Transactions

Award
Restricted Stock Units
2009-12-31+31.93→ 4,949.5 total
→ Common Stock (31.93 underlying)

Holdings

Stock Settled Stock Appreciation Right
Exercise: $2.37From: 2010-03-13Exp: 2019-03-13→ Common Stock (15,000 underlying)
15,000
Common Stock
3,230
Stock Options (right to buy)
→ Common Stock
50,000

Footnotes (4)

[F1]These restricted stock units accrued on restricted stock units originally granted to the reporting person on 3/13/2009 in connection with a dividend declared on the Issuer's common stock. When the issuer declares a dividend, the terms of the original restricted stock units automatically entitle the holder to an additional number of restricted stock units equal to the value of the dividend that would have been received on the restricted stock units had they previously been converted into stock, based on the closing price of the stock on the dividend record date. Each restricted stock unit is equal to one share.
[F2]The Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of the Original Grant Date (03/13/2009).
[F3]Vests 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant.
[F4]Represents the stock option holdings for Mr. Tyler on date of filing.

Documents

2 files