Young Ann 4
4 · DCP Holding CO · Filed Jan 6, 2009
Insider Transaction Report
Form 4
DCP Holding CONone
Young Ann
Chief Sales & Marketing Office
Transactions
- Award
Restricted Share Units
2009-01-02+9→ 36 total→ Class B Common Shares (9 underlying)
Footnotes (2)
- [F1]Each Restricted Share Unit represents the economic equivalent of one Class B Common Share.
- [F2]The Restricted Share Units have been granted to the Reporting Person pursuant to the Issuer's 2006 Dental Care Plus Management Equity Incentive Plan. The Restricted Share Units become vested upon the earliest to occur of (i) the date of death, disability or retirement of the Reporting Person or (ii) in accordance with a vesting schedule pursuant to which the Restricted Share Units vest annually on a percentage basis on the anniversary of the date of grant as follows: 10% after year 1, 30% after year two, 60% after year three and 100% after year four. The Reporting Person has elected to defer the receipt of the Restricted Share Units under the Issuer's Deferred Compensation Plan and therefore pursuant to the Deferred Compensation Plan the Restricted Share Units that have become vested will be settled in cash upon the Reporting Person's termination of Employment with the Issuer.