Levonowich Walter Alan 4
4 · ASSISTED LIVING CONCEPTS INC · Filed Mar 9, 2011
Insider Transaction Report
Form 4
Levonowich Walter Alan
VP & Controller
Transactions
- Award
Tandem Stock Option/SARs (right to buy)
2011-03-08+1,100→ 1,100 totalExercise: $37.38From: 2012-03-02Exp: 2016-03-02→ Class A Common Stock (1,100 underlying)
Footnotes (2)
- [F1]Award of tandem non-qualified stock options and stock appreciation rights for shares of the Issuer's Class A Common Stock ("Option/SARs") approved by March 2, 2011. The exercise price is the closing price of the Issuer's Class A Common Stock on the New York Stock Exchange on March 8, 2011, the second business day following the Issuer's public release of quarterly financial results. The award also includes up to 4,400 additional Options/SARs which are contingent upon the attainment of certain performance criteria in 2011.
- [F2]The Options/SARs vest in three equal annual installments beginning on March 2, 2012.