DURKIN CHARLES P JR 4
4 · EMERITUS CORP\WA\ · Filed Aug 3, 2010
Insider Transaction Report
Form 4
DURKIN CHARLES P JR
Director10% Owner
Transactions
- Exercise/Conversion
Nonemployee Director Stock Option (right to buy)
2010-08-03−2,000→ 0 totalExercise: $2.56Exp: 2010-08-24→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2010-08-03$2.56/sh+2,000$5,125→ 127,049 total
Holdings
- 4,634,904(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]The Reporting Person is Member and Executive Member of Saratoga Management Company LLC, which is (i) the Manager of Saratoga Partners IV, L.P., (ii) the Managing Member of Saratoga Coinvestment IV LLC and (iii) the agent and attorney-in-fact for four individuals who are principals of these entities (as well as owning certain shares directly). As a result, the Reporting Person may be deemed to have indirect beneficial ownership of 4,401,830 shares directly owned by Saratoga Partners IV, L.P., 117,492 shares directly owned by Saratoga Coinvestment IV LLC and 115,582 shares directly owned by Saratoga Management Co. LLC (for itself and as agent for the individuals, except the Reporting Person).
- [F2]The entire option vests on the day immediately prior to the next annual meeting of shareholders of the issuer after the grant date.