LEVY MICHAEL F 4
4 · AVATAR HOLDINGS INC · Filed Dec 24, 2008
Insider Transaction Report
Form 4
LEVY MICHAEL F
EVP & COO, Avatar Properties
Transactions
- Conversion
Performance Conditioned Restricted Stock Units
2008-12-22−75,000→ 0 totalFrom: 2008-12-22Exp: 2008-12-22→ Common Stock (75,000 underlying) - Tax Payment
Common Stock, par value $1.00
2008-12-22$27.49/sh−27,292$750,257→ 94,459 total - Exercise/Conversion
Common Stock, $1.00 par value
2008-12-22+75,000→ 121,751 total
Holdings
- 1,500(indirect: By Children)
Common Stock, $1.00 par value
Footnotes (3)
- [F1]Exchange of performace 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.