MEYERSON MARTIN 4
4 · AVATAR HOLDINGS INC · Filed Jan 4, 2006
Insider Transaction Report
Form 4
MEYERSON MARTIN
Director
Transactions
- Award
Stock Units
2006-01-03$54.65/sh+66.33$3,625→ 270.6 total→ Common Stock (66.33 underlying)
Footnotes (3)
- [F1]The units convert to Common Stock of the Issuer on a 1-for-1 basis.
- [F2]The units, which represent a deferral of a portion of director's fees payable to the Reporting Person, are fully vested at all times and are convertible into shares of Issuer's Common Stock at the earlier of a date specified by the Reporting Person or the date on which the Reporting Person no longer serves as a director of the Issuer.
- [F3]Represents the closing price of Issuer's Common Stock as of the date for payment of director's fees, which closing price represents the denominator for purposes of determining the number of Stock Units attributable to the Reporting Person's deferral account.