Riddle L Glynn Jr 4

Accession 0001209191-12-019032

CIK 0000919956other

View on SEC.gov Company Profile

Filed

Mar 18, 8:00 PM ET

Accepted

Mar 19, 5:07 PM ET

Size

25.5 KB

Accession

0001209191-12-019032

Insider Transaction Report

Form 4

Period: 2012-03-15

ADVOCAT INCAVCA

Riddle L Glynn Jr

Executive VP/CFO

Transactions

Exercise/Conversion
Common Stock
2012-03-15+1,939.36→ 24,950.269 total
Exercise/Conversion
2010 Restricted Stock Units
2012-03-15−1,939.36→ 0 total
From: 2012-03-15Exp: 2012-03-15→ Common Stock (1,939.36 underlying)
Tax Payment
Common Stock
2012-03-15$5.87/sh−512.96$3,011→ 24,436.909 total
Disposition to Issuer
Common Stock
2012-03-15$5.87/sh−0.4$2→ 24,949.869 total

Holdings

Stock Options (right to buy)
Exercise: $5.44From: 2005-12-13Exp: 2015-12-13→ Common Stock (50,000 underlying)
50,000
Stock Settled Stock Appreciation Right
Exercise: $2.37From: 2010-03-13Exp: 2019-03-13→ Common Stock (10,000 underlying)
10,000
2012 Restricted Stock Units
→ Common Stock (7,998.58 underlying)
7,998.58
2011 Restricted Stock Units
→ Common Stock (6,841.62 underlying)
6,841.62
Stock Settled Stock Appreciation Right
Exercise: $5.45From: 2011-06-18Exp: 2020-06-18→ Common Stock (12,000 underlying)
12,000
Dividend Equivalent Rights on 2011 Restricted Stock
→ Common Stock (76.04 underlying)
76.04

Footnotes (9)

[F1]Each Restricted Stock Unit was the economic equivalent of one share of common stock. On March 15, 2012, 1,426 of the reporting person's Restricted Stock Units were settled for an equal number of shares of common stock. March 15, 2012 was the first business day on which the 2010 Restricted Stock Units were exercisable.
[F2]This transaction represents settlement of a fractional share in the settlement of 2010 Restricted Stock Units, as discussed in Note 1, for which Mr. Riddle received $2.32.
[F3]This transaction represents shares withheld by the Company to cover the tax withholding on Mr. Riddle's settlement of 2010 Restricted Stock Units, resulting in a net issuance of 1,426 shares. See Note 1.
[F4]Mr. Riddle elected to receive $39,433.00 of his cash bonus for 2011 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.
[F5]The 2012 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/12/2012).
[F6]These dividend equivalent rights accrued on shares of restricted stock granted on March 11, 2011 and will vest as the underlying shares vest.
[F7]These restricted stock units accrued on restricted stock units originally granted to the reporting person in March 2010 and March 2011 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.
[F8]The 2011 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/11/2011).
[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 0001327883

Filing Metadata

Form type: 4
Filed: Mar 18, 8:00 PM ET
Accepted: Mar 19, 5:07 PM ET
Size: 25.5 KB

View on SEC.gov