Radcliffe Philip S 5

5 · ADCARE HEALTH SYSTEMS INC · Filed Feb 17, 2010

Form 5

Period: 2009-12-31

Director

Transactions

Award
Common Stock
2009-12-07+4,450→ 17,287 total
Other
Warrants
2009-12-07−4,450→ 18,800 total
From: 2012-11-16Exp: 2017-11-16→ Common Stock (4,450 underlying)
Small Acquisition
Common Stock
2009-12-31+712→ 17,287 total

Holdings

Options
Exercise: $2.50From: 2007-08-27Exp: 2012-08-27→ Common Stock (400 underlying)
8,200
Options
Exercise: $1.50From: 2007-05-09Exp: 2012-05-09→ Common Stock (1,400 underlying)
8,200
Options
Exercise: $1.50From: 2008-05-09Exp: 2013-05-09→ Common Stock (1,400 underlying)
8,200
Common Stock
17,287
Warrants
Exercise: $2.50From: 2006-11-07Exp: 2014-12-08→ Common Stock (1,000 underlying)
18,800
Warrants
Exp: 2017-11-16→ Common Stock (17,800 underlying)
18,800
Options
Exercise: $2.50From: 2005-08-24Exp: 2010-08-27→ Common Stock (400 underlying)
8,200
Options
Exercise: $2.50From: 2006-08-27Exp: 2011-08-27→ Common Stock (400 underlying)
8,200
Options
Exercise: $1.50From: 2009-05-09Exp: 2014-05-09→ Common Stock (1,400 underlying)
8,200
Options
Exercise: $1.50From: 2010-05-09Exp: 2015-05-09→ Common Stock (1,400 underlying)
8,200
Options
Exercise: $1.50From: 2011-05-09Exp: 2016-05-09→ Common Stock (1,400 underlying)
8,200

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 7, 2009 the shareholders approved an amendment to the incentve plan to eliminate 218,461 unvested warrants. The amendment further called for 218461 shares of the Company's common stock with a one year restriction on transfer to be issued.
[F2]Shares were purchased throuhout 2009 at various prices by particiaption in the AdCare Health System Employee Stock Purchase Program.
[F3]The exerccise price of the warrants was based upon the average closing price of the Company's common stock on NYSE-Amex 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 expiratin date to 12/8/2014 the fifth anniversary date of the Company's private offering.
[F5]The exerccise price 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

1 file