SEC Form 4 · accession 0001209191-15-026571
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 12, 2015
Accepted (ET)
Mar 16, 2015 · 5:28 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 StockF1 | Mar 12, 2015 | M | 310 | $0.00 | A | 51,873 | D | |
| Common Stock | Mar 12, 2015 | F | 1,183 | $0.00 | D | 50,690 | D | |
| Common StockF1 | Mar 12, 2015 | M | 114 | $0.00 | A | 50,804 | D | |
| Common Stock | Mar 12, 2015 | F | 1,132 | $0.00 | D | 49,672 | D | |
| Common Stock | Mar 12, 2015 | M | 1,689 | $0.00 | A | 51,361 | D | |
| Common Stock | Mar 12, 2015 | F | 551 | $0.00 | D | 50,810 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent Rights on 2013 Restricted SharesF1,F6 | — | Mar 12, 2015 | M | 310 | D | — | — | Common Stock | 310 | 312 | D |
| Dividend Equivalent Rights on 2014 Restricted SharesF1,F7 | — | Mar 12, 2015 | M | 114 | D | — | — | Common Stock | 114 | 226 | D |
| 2013 Restricted Stock UnitsF10,F8,F9 | — | Mar 12, 2015 | M | 1,689 | D | — | — | Common Stock | 1,689 | 0 | D |
| Dividend Equivalent Rights on 2012 Restricted SharesF5 | — | holding | — | — | — | — | — | Common Stock | 485 | 485 | D |
| 2014 Restricted Stock UnitsF8,F11 | — | holding | — | — | — | — | — | Common Stock | 3,704 | 3,704 | D |
| 2015 Restricted Stock UnitsF12,F13 | — | holding | — | — | — | — | — | Common Stock | 6,573 | 6,573 | D |
Explanation of responses
- F1Represents vesting of dividend equivalent.
- F10Each Restricted Stock Unit was the economic equivalent of one share of common stock. On March 12, 2015, 1,688.88 of the reporting person's Restricted Stock Units were settled for an equal number of shares of common stock.
- F11The 2014 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (3/12/2014).
- F12Mr. 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.
- F13The 2015 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (3/10/2015).
- F2This transaction represents shares withheld by the Company for tax withholdings on Mr. McKnight's vesting of a portion of his 2013 Restricted Stock.
- F3This transaction represents shares withheld by the Company for tax withholdings on Mr. McKnight's vesting of a portion of his 2014 Restricted Stock.
- F4This transaction represents shares withheld by the Company for tax withholdings on Mr. McKnight's vesting of 2013 Restricted Stock Units.
- F5These dividend equivalent rights accrued on shares of restricted stock granted on August 20, 2012 and will vest as the underlying shares vest.
- F6These dividend equivalent rights accrued on shares of restricted stock granted on March 12, 2013 and will vest as the underlying shares vest.
- F7These dividend equivalent rights accrued on shares of restricted stock granted on March 12, 2014 and will vest as the underlying shares vest.
- F8Each restricted stock unit is equal to one share.
- F9The 2013 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/12/2013).