KELFER GERALD D 4
4 · AVATAR HOLDINGS INC · Filed Dec 24, 2008
Insider Transaction Report
Form 4
KELFER GERALD D
Other
Transactions
- Exercise/Conversion
Common Stock, $1.00 par value
[F1][F2]2008-12-22+50,000→ 141,689 total - Exercise/Conversion
Common Stock, $1.00 par value
[F1][F2]2008-12-22+75,000→ 216,689 total - Tax Payment
Common Stock, $1.00 par value
[F3]2008-12-22$27.49/sh−45,487$1,250,438→ 171,202 total - Exercise/Conversion
Common Stock, $1.00 par value
[F4][F2]2008-12-22+90,000→ 261,202 total - Tax Payment
Common Stock, $1.00 par value
[F5]2008-12-22$27.49/sh−32,733$899,830→ 228,469 total - Conversion
Performance Conditioned Restricted Stock Units
[F2]2008-12-22−50,000→ 0 totalFrom: 2008-12-22Exp: 2008-12-22→ Common Stock (50,000 underlying) - Conversion
Performance Conditioned Restricted Stock Units
[F2]2008-12-22−75,000→ 0 totalFrom: 2008-12-22Exp: 2008-12-22→ Common Stock (75,000 underlying) - Conversion
Performance Conditioned Restricted Stock Units
[F2]2008-12-22−90,000→ 0 totalFrom: 2008-12-22Exp: 2008-12-22→ Common Stock (90,000 underlying)
Holdings
- 2,000(indirect: By Children)
Common Stock, $1.00 par value
Footnotes (5)
- [F1]Settlement of performance conditioned Restricted Stock Units.
- [F2]The Units convert to Common Stock of the Issuer on a 1-for-1 basis.
- [F3]Represents 45,487 shares of the Issuer's Common Stock withheld by Issuer in payment of Reporting Person's tax liability upon the vesting of 125,000 performance conditioned Restricted Stock Units at a price of $27.49 per share.
- [F4]Exchange of performance conditioned Restricted Stock Units for restricted shares of Issuer's Common Stock.
- [F5]Represents 32,733 shares of the Issuer's Common Stock withheld by Issuer in payment of Reporting Person's tax liability upon the exchange of 90,000 performance conditioned Restricted Stock Units at a price of $27.49 per share.
Signature
Gerald D. Kelfer|2008-12-24