Houghton William David 4
4 · ADVOCAT INC · Filed Mar 15, 2011
Insider Transaction Report
Form 4
ADVOCAT INCAVCA
Houghton William David
VP & Chief Information Officer
Transactions
- Award
2011 Restricted Stock Units
2011-03-11$6405.00/sh+1,108.13$7,097,573→ 1,108.13 total→ Common Stock (1,108.13 underlying) - Award
Common Stock
2011-03-11+3,250→ 3,250 total
Holdings
- 10,000
Stock Settled Stock Appreciation Right
Exercise: $5.45From: 2011-06-18Exp: 2020-06-18→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]Restricted stock grant that will vest in equal parts over the first three anniversaries of the date of grant.
- [F2]Mr. Houghton elected to receive $6,405 of his cash bonus for 2010 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.
- [F3]The 2011 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/11/2011).
- [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.