4//SEC Filing
Riddle L Glynn Jr 4
Accession 0001209191-12-021604
CIK 0000919956other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 7:44 PM ET
Size
26.4 KB
Accession
0001209191-12-021604
Insider Transaction Report
Form 4
ADVOCAT INCAVCA
Riddle L Glynn Jr
Executive VP/CFO
Transactions
- Exercise/Conversion
Common Stock
2012-03-31+99.85→ 24,536.759 total - Exercise/Conversion
Dividend Equivalent Rights on 2011 Restricted Stock
2012-03-31−99.85→ 0 total→ Common Stock (99.85 underlying) - Award
2011 Restricted Stock Units
2012-03-31+72.64→ 6,914.25 total→ Common Stock (72.64 underlying) - Award
Dividend Equivalent Rights on 2011 Restricted Stock
2012-03-31+23.82→ 99.85 total→ Common Stock (23.82 underlying) - Disposition to Issuer
Common Stock
2012-03-31$5.18/sh−0.85$4→ 24,535.909 total - Award
2012 Restricted Stock Units
2012-03-31+84.93→ 8,083.51 total→ Common Stock (84.93 underlying)
Holdings
- 10,000
Stock Settled Stock Appreciation Right
Exercise: $11.59From: 2008-03-07Exp: 2017-03-07→ Common Stock (10,000 underlying) - 10,000
Stock Settled Stock Appreciation Right
Exercise: $2.37From: 2010-03-13Exp: 2019-03-13→ Common Stock (10,000 underlying) - 10,000
Stock Settled Stock Appreciation Right
Exercise: $10.88From: 2009-03-14Exp: 2018-03-14→ Common Stock (10,000 underlying) - 12,000
Stock Settled Stock Appreciation Right
Exercise: $5.45From: 2011-06-18Exp: 2020-06-18→ Common Stock (12,000 underlying) - 50,000
Stock Options (right to buy)
Exercise: $5.44From: 2005-12-13Exp: 2015-12-13→ Common Stock (50,000 underlying)
Footnotes (8)
- [F1]Represents vesting of Dividend Equivalent Rights on 2011 Restricted Stock.
- [F2]This transaction represents settlement of a fractional share in the vesting of Dividend Equivalent Rights on 2011 Restricted Stock, as discussed in Note 1, for which Mr. Riddle received $4.40.
- [F3]These dividend equivalent rights accrued on shares of restricted stock granted on March 11, 2011 and will vest as the underlying shares vest.
- [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 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.
- [F7]The 2011 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/11/2011).
- [F8]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.
Issuer
ADVOCAT INC
CIK 0000919956
Entity typeother
Related Parties
1- filerCIK 0001327883
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 7:44 PM ET
- Size
- 26.4 KB