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AVATAR HOLDINGS INC·4

Dec 24, 11:20 AM ET

FELS JONATHAN 4

4 · AVATAR HOLDINGS INC · Filed Dec 24, 2008

Insider Transaction Report

Form 4
Period: 2008-12-22
AVATAR HOLDINGS INCAVTR
FELS JONATHAN
President Avatar Properties
Transactions
  • Exercise/Conversion

    Common Stock, $1.00 par value

    [F1][F2]
    2008-12-22+75,000→ 119,908 total
  • Tax Payment

    Common Stock, $1.00 par value

    [F3]
    2008-12-22$27.49/sh−27,292$750,257→ 92,616 total
  • Conversion

    Performance Conditioned Restricted Stock Units

    [F2]
    2008-12-22−75,000→ 0 total
    From: 2008-12-22Exp: 2008-12-22→ Common Stock (75,000 underlying)
Footnotes (3)
  • [F1]Exchange of performance conditioned Restricted Stock Units for performance conditioned restricted shares of Issuer's Common Stock.
  • [F2]The units convert to Common Stock of the issuer on a 1-for-1 basis.
  • [F3]Represents 27,292 shares of the Issuer's Common Stock withheld by Issuer in payment of Reporting Person's tax liability upon the exchange of 75,000 performance conditioned Restricted Stock Units at a price of $27.49 per share.
Signature
Jonathan Fels|2008-12-24

Documents

1 file
  • 4
    edgar.xmlPrimary

    PRIMARY DOCUMENT