HACKETT PETER J 5
5 · ADCARE HEALTH SYSTEMS INC · Filed Feb 16, 2010
Insider Transaction Report
Form 5
HACKETT PETER J
Director
Transactions
- Small Acquisition
Common Stock
2009-12-31+1,381→ 4,181 total - Award
Common Stock
2009-12-08+800→ 4,181 total - Other
Warrants
2009-12-07−800→ 5,200 totalFrom: 2012-11-16Exp: 2017-11-16→ Common Stock (800 underlying)
Holdings
- 5,200
Warrants
Exp: 2017-11-16→ Common Stock (3,200 underlying) - 7,000
Options
Exercise: $1.50From: 2009-05-09Exp: 2014-05-09→ Common Stock (1,400 underlying) - 5,200
Warrants
Exercise: $2.50From: 2006-11-07Exp: 2014-12-08→ Common Stock (2,000 underlying) - 7,000
Options
Exercise: $1.50From: 2007-05-09Exp: 2012-05-09→ Common Stock (1,400 underlying) - 7,000
Options
Exercise: $1.50From: 2008-05-09Exp: 2013-05-09→ Common Stock (1,400 underlying) - 4,181
Common Stock
- 7,000
Options
Exercise: $1.50From: 2010-05-09Exp: 2015-05-09→ Common Stock (1,400 underlying) - 7,000
Options
Exercise: $1.50From: 2011-05-09Exp: 2016-05-09→ Common Stock (1,400 underlying)
Footnotes (5)
- [F1]On August 15, 2008 the shareholders approved an incentive plan which granted warrants to certain officers and directors. The warrants vested over a five year period. On December 8, 2009 the shareholders approved an amendment to the incentive plan to eliminate 218,461 unvested warrants. The amendment further caller for 218,461 shares of the company's common stock with a one year restriction on transfer to be issued.
- [F2]Shares were purchased throught 2009 at various prices by participation in the AdCare Health Systems Employee Stock Purchase Program.
- [F3]The exercise price of the warrants was based upon the average closing price of the Company's common stock on NYSE-Amex during January 2011 but not less than $3.00 per share.
- [F4]On December 21, 2009 the warrant holders voted to amend the warrant agreement to decrease the exercise price from $5.40 to $2.50 and to extend the expiration date to 12/8/2014 the fifth anniversary date of the Company's private offering.
- [F5]The exercise price of the warrants vested in 2008 was $1.21 per share, those vested in 2009 was $2.25, those vested in 2010 was $3.00 and those vesting in 2011 are $4.00 per share.