4//SEC Filing
LEEDLE BEN R JR 4
Accession 0001209191-21-066006
CIK 0000919956other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 8:21 AM ET
Size
11.7 KB
Accession
0001209191-21-066006
Insider Transaction Report
Form 4
LEEDLE BEN R JR
Director
Transactions
- Disposition to Issuer
Common Stock
2021-11-19$10.10/sh−8,048$81,285→ 0 total - Disposition to Issuer
Option to purchase Common Stock
2021-11-19−15,000→ 0 totalExercise: $8.14From: 2018-03-13Exp: 2028-03-13→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Disposition pursuant to the terms of the Agreement and Plan of Merger dated as of August 26, 2021 by and among DAC Acquisition, LLC, DVCR Acquisition Corporation and Diversicare Healthcare Services, Inc. (the "Merger Agreement"), exempt under Rule 16b-3.
- [F2]Pursuant to the terms of the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of common stock held by the reporting person immediately prior to the Effective Time was cancelled and the reporting person received an amount in cash equal to $10.10 per share of Company Common Stock, taking into account any changes thereto by reason of the merger.
- [F3]Pursuant to the terms of the Merger Agreement, at the Effective Time, each option to purchase common stock held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the excess of $10.10 over the exercise price per share of Company Common Stock underlying such option to purchase, multiplied by (ii) the total number of shares of Company Common Stock subject to such option to purchase, taking into account any changes thereto by reason of the merger.
Documents
Issuer
Diversicare Healthcare Services, Inc.
CIK 0000919956
Entity typeother
Related Parties
1- filerCIK 0001190574
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 8:21 AM ET
- Size
- 11.7 KB