Spurr Jack M. 4
4 · SUNLINK HEALTH SYSTEMS INC · Filed Nov 19, 2008
Insider Transaction Report
Form 4
Spurr Jack M.
VP, Hospital Financial Ops
Transactions
- Disposition to Issuer
Employee Stock Option
2008-11-17−15,000→ 0 totalExercise: $6.57Exp: 2010-02-17→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option
2008-11-17−9,224→ 0 totalExercise: $9.63Exp: 2015-11-10→ Common Stock (9,224 underlying) - Disposition to Issuer
Employee Stock Option
2008-11-17−8,000→ 0 totalExercise: $8.00Exp: 2017-09-23→ Common Stock (8,000 underlying)
Footnotes (4)
- [F1]Exercisable in three equal installments of 5,000 shares on 2/18/2006, 2/18/2007 and 2/18/2008, respectively.
- [F2]Exercisable in four equal installments of 2,306 shares on 11/11/2006, 11/11/2007, 11/11/2008, and 11/11/2009, respectively.
- [F3]Exercisable in four equal installments of 2,000 shares on 9/24/2008, 9/24/2009, 9/24/2010, and 9/24/2011, respectively.
- [F4]These options were cancelled by mutual agreement of the reporting person and SunLink Health Systems, Inc. The reporting person agreed to cancel these options for the right to participate in the 2009 Executive Bonus Plan (the "Plan"). Under the Plan, the reporting person may receive $33,580, $50,370, or $67,160, if certain goals are achieved, based on discretionary criteria that revolve around the objective of increasing shareholder value.