ALVIS HARRY R 4
4 · SUNLINK HEALTH SYSTEMS INC · Filed Nov 19, 2008
Insider Transaction Report
Form 4
ALVIS HARRY R
Chief Operating Officer
Transactions
- Purchase
Common Stock
2008-11-18$1.15/sh+800$919→ 82,550 total - Disposition to Issuer
Employee Stock Option
2008-11-17−40,000→ 0 totalExercise: $8.00Exp: 2017-09-23→ Common Stock (40,000 underlying) - Purchase
Common Stock
2008-11-18$1.15/sh+4,200$4,830→ 86,750 total - Disposition to Issuer
Employee Stock Option
2008-11-17−20,000→ 0 totalExercise: $6.57Exp: 2010-02-17→ Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option
2008-11-17−17,500→ 0 totalExercise: $9.63Exp: 2015-11-10→ Common Stock (17,500 underlying)
Footnotes (4)
- [F1]6,667 exercisable 2/18/2006; 6,667 exercisable 2/18/2007; and 6,666 exercisable 2/18/2008.
- [F2]5,833 exercisable 11/11/2006; 5,833 exercisable 11/11/2007; and 5,834 exercisable 11/11/2008.
- [F3]Exercisable in four equal installments of 10,000 shares on 9/24/2008, 9/24/2009, 9/24/2010, and 9/24/2011, respectively.
- [F4]These options were cancelled by mutual agreement of the reporting person and SunLink Health Systems, Inc. The reporting person agreed to cancel these options for the right to participate in the 2009 Executive Bonus Plan (the "Plan"). Under the Plan, the reporting person may receive $75,030, $112,545, or $150,060, if certain goals are achieved, based on discretionary criteria that revolve around the objective of increasing shareholder value.