SMITH FRED STANTON 4
4 · AVATAR HOLDINGS INC · Filed May 29, 2009
Insider Transaction Report
Form 4
SMITH FRED STANTON
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-05-27−435→ 0 totalFrom: 2009-05-27Exp: 2009-05-27→ Common Stock (435 underlying) - Exercise/Conversion
Common Stock
2009-05-27$17.85/sh+435$7,765→ 5,224 total - Exercise/Conversion
Stock Units
2009-05-28−650→ 0 totalFrom: 2009-05-28Exp: 2009-05-28→ Common Stock (650 underlying) - Exercise/Conversion
Common Stock
2009-05-28$17.85/sh+650$11,603→ 5,874 total
Footnotes (4)
- [F1]Settlement of Restricted Stock Units upon vesting.
- [F2]The units convert to Common Stock of the issuer on a 1-for-1 basis.
- [F3]The zero ("0") in this column is a "dummy" amount, solely for the purpose of permitting the use of a descriptive footnote stating that the price is not applicable.
- [F4]The units, which represent a deferral of a portion of director's fees payable to the Reporting Person, were vested on the date of issuance and were converted into shares of Issuer's Common Stock on May 28, 2009, the date on which the Reporting Person ceased serving as a member of Issuer's board of directors.