Tyler Raymond L 4

4 · ADVOCAT INC · Filed Apr 2, 2010

Form 4

Period: 2010-03-31

SVP of Nursing Home Operations

Transactions

Award
2010 Restricted Stock Units
2010-03-31+11.88→ 1,624.78 total
→ Common Stock (11.88 underlying)
Award
2009 Restricted Stock Units
2010-03-31+36.45→ 4,985.95 total
→ Common Stock (36.45 underlying)

Holdings

Common Stock
3,230
Stock Settled Stock Appreciation Right
Exercise: $11.59Exp: 2017-03-07→ 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
Stock Settled Stock Appreciation Right
Exercise: $10.88Exp: 2018-03-14→ Common Stock (15,000 underlying)
15,000

Footnotes (5)

[F1]These restricted stock units accrued on restricted stock units originally granted to the reporting person in March 2010 and March 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 2010 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/15/2010).
[F3]The 2009 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/13/2009).
[F4]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.
[F5]Represents the stock option holdings for Mr. Tyler on date of filing.

Documents

2 files