4//SEC Filing
MULAC JOSEPH CARL III 4
Accession 0001504432-11-000001
CIK 0000039677other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:12 PM ET
Size
7.1 KB
Accession
0001504432-11-000001
Insider Transaction Report
Form 4
MULAC JOSEPH CARL III
EXECUTIVE VICE PRESIDENT
Transactions
- Disposition to Issuer
Restricted Common Stock, $1.00 par value
2011-09-29−180,000→ 0 total - Award
Restricted Common Stock, $1.00 par value
2011-09-29+156,000→ 156,000 total
Footnotes (2)
- [F1]Pursuant to the Amended and Restated Employment Agreement by and among Avatar Holdings Inc., Avatar Properties Inc. and the Reporting Person, dated September 29, 2011, the Reporting Person, with the approval of the Compensation Committee of the Issuer, agreed to terminate the 180,000 restricted shares of common stock previously awarded in the original employment agreement dated October 25, 2010 and reported on the Form 4 filed October 27, 2010.
- [F2]On September 29, 2011, the Reporting Person was granted 156,000 restricted shares of common stock of the Issuer under the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement), which shares will vest on December 31, 2012, on December 31, 2013, on December 31, 2014 and on December 31, 2015, to the extent certain performance goals are met and the continued employment of the Reporting Person at that time.
Documents
Issuer
AVATAR HOLDINGS INC
CIK 0000039677
Entity typeother
Related Parties
1- filerCIK 0001504432
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:12 PM ET
- Size
- 7.1 KB