Massey Kerry D. 4
4 · Diversicare Healthcare Services, Inc. · Filed Nov 22, 2021
Insider Transaction Report
Form 4
Massey Kerry D.
Executive V.P. & CFO
Transactions
- Disposition to Issuer
Common Stock
2021-11-19$10.10/sh−42,792$432,199→ 0 total - Disposition to Issuer
2021 Restricted Stock Units
2021-11-19−8,676→ 0 totalExp: 2023-03-16→ Common Stock (8,676 underlying) - Disposition to Issuer
2020 Restricted Stock Units
2021-11-19−8,088→ 0 totalExp: 2022-03-13→ Common Stock (8,088 underlying)
Footnotes (4)
- [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]Each restricted stock unit is equal to one share.
- [F4]Pursuant to the terms of the Merger Agreement, at the Effective Time, each Restricted Stock Unit 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 represented by each such Restricted Stock Unit, taking into account any changes thereto by reason of the merger.