Levonowich Walter Alan 4
4 · ASSISTED LIVING CONCEPTS INC · Filed Feb 24, 2010
Insider Transaction Report
Form 4
Levonowich Walter Alan
VP & Controller
Transactions
- Award
Tandem Stock Option/SARs (right to buy)
2010-02-22+3,000→ 4,000 totalExercise: $15.35From: 2010-02-22Exp: 2014-02-22→ Class A Common Stock (3,000 underlying)
Footnotes (4)
- [F1]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.
- [F2]Share amounts and exercise price have been adjusted to reflect the March 16, 2009 one-for-five reverse stock split. Following the reverse stock split, Mr. Levonowich also had direct beneficial ownership of 400 shares of the Issuer's Class A Common Stock.
- [F3]Reflects Options/SARs that satisfied the performance-based vesting conditions on February 22, 2010 upon achievement of certain performance criteria relating to 2009 performance.
- [F4]The Options/SARs become exercisable in three equal annual installments beginning on February 22, 2010.