AVATAR HOLDINGS INC 4
4 · AVATAR HOLDINGS INC · Filed Jun 6, 2011
Insider Transaction Report
Form 4
DRESNER MILTON H
Director
Transactions
- Award
Restricted Stock Units
2011-06-02+895→ 895 totalFrom: 2012-06-01Exp: 2012-06-01→ Common Stock, $1.00 par value (895 underlying)
Holdings
- 5,740
Common Stock, $1.00 par value
Footnotes (3)
- [F1]The units convert to Common Stock of the issuer on a 1-for-1 basis.
- [F2]The units granted to the Reporting Person vest in full on the earlier of June 1, 2012 or the day immediately preceding the 2012 annual meeting of stockholders, provided that the Reporting Person is a member of the Issuer's board of directors on such date.
- [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.