SEC Form 4 · accession 0001209191-15-025737
Diversicare Healthcare Services, Inc. · DVCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Reed McKnight Jr.
Officer — Chief Financial Officer
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 6:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000919956
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 10, 2015 | A | 12,500 | $0.00 | A | 51,563 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Restricted Stock UnitsF7,F8 | — | Mar 10, 2015 | A | 6,573 | A | — | — | Common Stock | 6,573 | 6,573 | D |
| Dividend Equivalent Rights on 2012 Restricted SharesF1 | — | holding | — | — | — | — | — | Common Stock | 485 | 485 | D |
| Dividend Equivalent Rights on 2013 Restricted SharesF2 | — | holding | — | — | — | — | — | Common Stock | 622 | 622 | D |
| Dividend Equivalent Rights on 2014 Restricted SharesF3 | — | holding | — | — | — | — | — | Common Stock | 340 | 340 | D |
| 2013 Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 1,689 | 1,689 | D |
| 2014 Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 3,704 | 3,704 | D |
Explanation of responses
- F1These dividend equivalent rights accrued on shares of restricted stock granted on August 20, 2012 and will vest as the underlying shares vest.
- F2These dividend equivalent rights accrued on shares of restricted stock granted on March 12, 2013 and will vest as the underlying shares vest.
- F3These dividend equivalent rights accrued on shares of restricted stock granted on March 12, 2014 and will vest as the underlying shares vest.
- F4Each restricted stock unit is equal to one share.
- F5The 2013 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/12/2013).
- F6The 2014 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (3/12/2014).
- F7Mr. McKnight elected to receive $68,750 of his cash bonus for 2014 in Restricted Stock Units under the terms of the Advocat Inc. 2008 Stock Purchase Plan for Key Personnel. Each Restricted Stock Unit is equal to one share. These Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their Grant Date.
- F8The 2015 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (3/10/2015).