COUNCIL WILLIAM R III 4

Accession 0001209191-11-018095

CIK 0000919956other

View on SEC.gov Company Profile

Filed

Mar 14, 8:00 PM ET

Accepted

Mar 15, 5:03 PM ET

Size

26.0 KB

Accession

0001209191-11-018095

Insider Transaction Report

Form 4

Period: 2011-03-11

ADVOCAT INCAVCA

COUNCIL WILLIAM R III

DirectorChief Executive Officer

Transactions

Award
Common Stock
2011-03-11+6,250→ 75,163 total
Disposition to Issuer
Common Stock
2011-03-14$6.85/sh−0.7$5→ 88,794.8 total
Tax Payment
Common Stock
2011-03-14$6.85/sh−3,605.8$24,700→ 85,189 total
Award
2011 Restricted Stock Units
2011-03-11$105527.50/sh+18,257.35$1,926,652,502→ 18,257.35 total
→ Common Stock (18,257.35 underlying)
Exercise/Conversion
2009 Restricted Stock Units
2011-03-14−13,632.5→ 0 total
From: 2011-03-13Exp: 2011-03-13→ Common Stock (13,632.5 underlying)
Exercise/Conversion
Common Stock
2011-03-14+13,632.5→ 88,795.5 total

Holdings

2010 Restricted Stock Units
→ Common Stock (4,634.74 underlying)
4,634.74
Stock Settled Stock Appreciation Right
Exercise: $5.45From: 2011-06-18Exp: 2020-06-18→ Common Stock (25,000 underlying)
25,000
Stock Settled Stock Appreciation Right
Exercise: $2.37From: 2010-03-13Exp: 2019-03-13→ Common Stock (25,000 underlying)
25,000
Stock Settled Stock Appreciation Right
Exercise: $10.88From: 2009-03-14Exp: 2018-03-14→ Common Stock (25,000 underlying)
25,000
Stock Settled Stock Appreciation Right
Exercise: $11.59From: 2008-03-07Exp: 2017-03-07→ Common Stock (25,000 underlying)
25,000
Stock Options (right to buy)
Exercise: $5.44From: 2005-12-13Exp: 2015-12-13→ Common Stock (75,000 underlying)
75,000

Footnotes (9)

[F1]Restricted stock grant that will vest in equal parts over the first three anniversaries of the date of grant.
[F2]Each Restricted Stock Unit was the economic equivalent of one share of common stock. On March 14, 2011, 10,026 of the reporting person's Restricted Stock Units were settled for an equal number of shares of common stock. March 14, 2011 was the first business day on which the 2009 Restricted Stock Units were exercisable.
[F3]This transaction represents settlement of a fractional share in the settlement of 2009 Restricted Stock Units, as discussed in Note 2, for which Mr. Council received $4.80.
[F4]This transaction represents shares withheld by the Company to cover the tax withholding on Mr. Council's settlement of 2009 Restricted Stock Units, resulting in a net issuance of 10,026 shares. See Note 2.
[F5]Mr. Council elected to receive $105,527.50 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.
[F6]The 2011 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/11/2011).
[F7]Each restricted stock unit is equal to one share.
[F8]The 2010 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/15/2010).
[F9]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.

Documents

2 files

Issuer

ADVOCAT INC

CIK 0000919956

→

Entity typeother

Related Parties

filerCIK 0001253540

Filing Metadata

Form type: 4
Filed: Mar 14, 8:00 PM ET
Accepted: Mar 15, 5:03 PM ET
Size: 26.0 KB

View on SEC.gov