Tyler Raymond L 4

4 · ADVOCAT INC · Filed Mar 17, 2010

Form 4

Period: 2010-03-15

SVP of Nursing Home Operations

Transactions

Award
2010 Restricted Stock Units
2010-03-15$8500.00/sh+1,612.9$13,709,650→ 1,612.9 total
→ Common Stock (1,612.9 underlying)

Holdings

Stock Settled Stock Appreciation Right
Exercise: $10.88Exp: 2018-03-14→ Common Stock (15,000 underlying)
15,000
Stock Options (right to buy)
→ Common Stock
50,000
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
2009 Restricted Stock Units
→ Common Stock (4,949.5 underlying)
4,949.5
Stock Settled Stock Appreciation Right
Exercise: $11.59Exp: 2017-03-07→ Common Stock (15,000 underlying)
15,000

Footnotes (6)

[F1]Mr. Tyler has elected to receive $8,500 of his cash bonus in Restricted Stock Units under the terms of the Advocat Inc. 2008 Stock Purchase Plan for Key Personnel. Each Restricted Stock Unit is equal to one share.
[F2]The 2010 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/15/2010).
[F3]Each Restricted Stock Unit is equal to one share.
[F4]The 2009 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/13/2009).
[F5]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.
[F6]Represents the stock option holdings for Mr. Tyler on date of filing.

Documents

2 files