FLETCHER PATRICIA K 4
4 · AVATAR HOLDINGS INC · Filed Nov 3, 2010
Insider Transaction Report
Form 4
FLETCHER PATRICIA K
EVP & GC
Transactions
- Award
Performance Conditioned Restricted Stock Units
2010-08-25+4,000→ 4,000 total→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]The award of the Performance Conditioned Restricted Stock Units is conditioned upon (i) the closing price of the Issuer's Common Stock being at least $25.00 per share for 20 trading days out of 30 consecutive trading days during the period beginning August 25, 2010 and ending December 31, 2011, and (ii) the continued employment of the Reporting Person at the time the foregoing condition is satisfied.
- [F2]The units convert to Common Stock of the Issuer on a 1-for-1 basis.