ANDERSON ALLEN J 4
4 · AVATAR HOLDINGS INC · Filed Jan 4, 2012
Insider Transaction Report
Form 4
ANDERSON ALLEN J
Director
Transactions
- Award
Common Stock
2012-01-01+320,000→ 377,105 total
Footnotes (1)
- [F1]On December 31, 2011, the Reporting Person was granted an award of 320,000 restricted shares of common stock of the Issuer under the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement). The restricted shares are subject to forfeiture and the Issuer's attainment of performance goals, and will vest as follows: (i) the first tranche of 64,000 restricted shares will vest to the extent certain performance goals are met by June 30, 2012, (ii) the second tranche of 128,000 restricted shares will vest to the extent certain performance goals are met by June 30, 2013, and (iii) the third tranche of 128,000 restricted shares will vest to the extent certain performance goals are met by June 30, 2014.