5//SEC Filing
Sturtz Laurence E 5
Accession 0001382758-10-000001
CIK 0001004724other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 11:33 AM ET
Size
21.3 KB
Accession
0001382758-10-000001
Insider Transaction Report
Form 5
Sturtz Laurence E
Director
Transactions
- Award
Common Stock
2009-12-07+8,768→ 39,350 total - Small Acquisition
Common Stock
2009-12-31+3,762→ 39,350 total - Award
Warrants
2009-12-07−8,768→ 45,152 totalFrom: 2012-11-16Exp: 2017-11-16→ Common Stock (8,768 underlying)
Holdings
- 39,350
Common Stock
- 45,152
Warrants
Exercise: $2.50From: 2006-11-07Exp: 2014-12-08→ Common Stock (4,000 underlying) - 15,000
Options
Exercise: $2.50From: 2005-06-01Exp: 2010-06-01→ Common Stock (8,000 underlying) - 15,000
Options
Exercise: $1.50From: 2009-05-09Exp: 2014-05-09→ Common Stock (1,400 underlying) - 15,000
Options
Exercise: $1.50From: 2010-05-09Exp: 2015-05-09→ Common Stock (1,400 underlying) - 15,000
Options
Exercise: $1.50From: 2011-05-09Exp: 2016-05-09→ Common Stock (1,400 underlying) - 45,152
Warrants
Exp: 2017-11-16→ Common Stock (35,072 underlying) - 15,000
Options
Exercise: $1.50From: 2007-05-09Exp: 2012-05-09→ Common Stock (1,400 underlying) - 15,000
Options
Exercise: $1.50From: 2008-05-09Exp: 2013-05-09→ Common Stock (1,400 underlying)
Footnotes (5)
- [F1]On August 15, 2008 the shareholders approved an incentive plan which granted warrants to certain officers and directors. The warrants vested over a five year period. On December 7, 2009 the shareholders approved an amendment to the incentive plan to eliminate 218,461 warrants. The amendment further called for 218,461 shares of the Company's common stock with a one year restriction on transfer to be issued.
- [F2]The exercise price of the warrants vested in 2008 was $1.21 per share, those vested in 2009 was $2.25, those vested in 2010 was $3.00 and those vesting in 2011 is $4.00 per share.
- [F3]The exercise price of the warrants was based upon the average closing price of the Company's common stock on NYSE-Amex during January 2011 but not less than $3.00.
- [F4]On December 21, 2009 the warrant holders voted to amend the warrant agreement to decrease the exercise price from $5.40 to $2.50 and to extend the expiration date to 12/8/2014 the fifth anniversary date of the Company's private offering.
- [F5]Shares were purchased throughout 2009 at various prices by particiation in the AdCare Health Systems Employee Stock Purchase Program.
Documents
Issuer
ADCARE HEALTH SYSTEMS INC
CIK 0001004724
Entity typeother
Related Parties
1- filerCIK 0001382758
Filing Metadata
- Form type
- 5
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 11:33 AM ET
- Size
- 21.3 KB