DONNELL JON M 4
4 · AVATAR HOLDINGS INC · Filed May 18, 2011
Insider Transaction Report
Form 4
DONNELL JON M
DirectorPRESIDENT AND CEO
Transactions
- Purchase
Common Stock, $1.00 par value
2011-05-17$16.48/sh+5,000$82,417→ 11,355 total
Holdings
- 300,000
Restricted Common Stock
Footnotes (2)
- [F1]The amount stated is an average of the purchase prices of the transactions, which ranged in price between $16.42 and $16.50. Information regarding the number of shares purchased at each separate price will be furnished upon request.
- [F2]Of the 310,000 Restricted Shares of Common Stock (the "Shares") awarded to the Reporting Person pursuant to the terms of that certain Employment Agreement dated as of October 19, 2010 between the Issuer and the Reporting Person (the "Agreement"), 70,000 Shares are time based awards; 10,000 of which vested December 31, 2010 ( of which 3,645 were withheld by Issuer in payment of Reporting Person's tax liability). 300,000 Restricted Shares of Issuer's Common Stock awarded to the Reporting Person remain subject to the time and performance conditions set forth in the Agreement.