5//SEC Filing
LEVINE JEFFREY L 5
Accession 0001231767-10-000001
CIK 0001004724other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 6:19 PM ET
Size
19.8 KB
Accession
0001231767-10-000001
Insider Transaction Report
Form 5
LEVINE JEFFREY L
Director
Transactions
- Award
Common Stock
2009-12-07+2,800→ 19,184 total - Small Acquisition
Common Stock
2009-12-31+12,278→ 19,184 total - Other
Warrants
2009-12-07−2,800→ 13,306 totalFrom: 2012-11-16Exp: 2017-11-16→ Common Stock (2,800 underlying)
Holdings
- 13,306
Warrants
Exercise: $2.50From: 2006-11-07Exp: 2014-12-08→ Common Stock (2,106 underlying) - 7,000
Options
Exercise: $1.50From: 2007-05-09Exp: 2012-05-09→ Common Stock (1,400 underlying) - 13,306
Warrant
Exp: 2017-11-16→ Common Stock (11,200 underlying) - 7,000
Options
Exercise: $1.50From: 2010-05-09Exp: 2015-05-09→ Common Stock (1,400 underlying) - 7,000
Options
Exercise: $1.50From: 2009-05-09Exp: 2014-05-09→ Common Stock (1,400 underlying) - 7,000
Options
Exercise: $1.50From: 2011-05-09Exp: 2016-05-09→ Common Stock (1,400 underlying) - 19,184
Common Stock
- 7,000
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 8, 2009 the shareholders approved an amendment to the incentive plan to eliminate 218,461 unvested warrants. The amendment further called for 218,461 shares of the company's common stock with a one year restriction on tranfer to be issued.
- [F2]Shares were purchased throughout 2009 at various prices by participation in the AdCare Health Systems Employee Stock Purchase Program.
- [F3]The exercise price of the warrants was based upon the average closing price of the Company's common stock on NYSE-Ames during January 2011 but was not less than $3.00 per share.
- [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]The exercise 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.
Documents
Issuer
ADCARE HEALTH SYSTEMS INC
CIK 0001004724
Entity typeother
Related Parties
1- filerCIK 0001231767
Filing Metadata
- Form type
- 5
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 6:19 PM ET
- Size
- 19.8 KB