4//SEC Filing
AVATAR HOLDINGS INC 4
Accession 0001253550-05-000008
CIK 0000039677operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 12:05 PM ET
Size
12.1 KB
Accession
0001253550-05-000008
Insider Transaction Report
Form 4
LEVY MICHAEL F
EVP & COO, Avatar Properties
Transactions
- Award
Performance Conditioned Restricted Stock Units (3)
2005-05-24+25,000→ 25,000 totalExercise: $80.00Exp: 2010-12-31→ Common Stock (25,000 underlying) - Award
Performance Conditioned Restricted Stock Units (1)
2005-05-24+25,000→ 25,000 totalExercise: $65.00Exp: 2010-12-31→ Common Stock (25,000 underlying) - Award
Performance Conditioned Restricted Stock Units (2)
2005-05-24+25,000→ 25,000 totalExercise: $72.50Exp: 2010-12-31→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Under plan approved by stockholders on May 24, 2005, the grant of the units is conditioned upon (i) the closing price of the Issuer's Common Stock being at least $65.00 per share for 20 trading days out of 30 consecutive trading days during the period beginning April 15, 2005 and ending December 31, 2010, and (ii) the continued employment of the Reporting Person at the time the foregoing condition is satisfied. Subject to certain limited exceptions, any units granted to the Reporting Person vest in full on December 31, 2010 or upon the occurrence of a change of control of the Issuer, provided that, in either case, the Reporting Person is then employed by the Issuer.
- [F2]Under plan approved by stockholders on May 24, 2005, the grant of the units is conditioned upon (i) the closing price of the Issuer's Common Stock being at least $72.50 per share for 20 trading days out of 30 consecutive trading days during the period beginning April 15, 2005 and ending December 31, 2010, and (ii) the continued employment of the Reporting Person at the time the foregoing condition is satisfied. Subject to certain limited exceptions, any units granted to the Reporting Person vest in full on December 31, 2010 or upon the occurrence of a change of control of the Issuer, provided that, in either case, the Reporting Person is then employed by the Issuer.
- [F3]Under plan approved by stockholders on May 24, 2005, the grant of the units is conditioned upon (i) the closing price of the Issuer's Common Stock being at least $80.00 per share for 20 trading days out of 30 consecutive trading days during the period beginning April 15, 2005 and ending December 31, 2010, and (ii) the continued employment of the Reporting Person at the time the foregoing condition is satisfied. Subject to certain limited exceptions, any units granted to the Reporting Person vest in full on December 31, 2010 or upon the occurrence of a change of control of the Issuer, provided that, in either case, the Reporting Person is then employed by the Issuer.
Documents
Issuer
AVATAR HOLDINGS INC
CIK 0000039677
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000039677
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 12:05 PM ET
- Size
- 12.1 KB