Kerry D. Massey - Nov 19, 2021 Form 4 Insider Report for Diversicare Healthcare Services, Inc. (DVCR)

Role
Executive V.P. & CFO
Signature
/s/ Susan V. Sidwell, Attorney-In-Fact for Kerry D. Massey
Stock symbol
DVCR
Transactions as of
Nov 19, 2021
Transactions value $
-$432,199
Form type
4
Date filed
11/22/2021, 07:30 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DVCR Common Stock Disposed to Issuer -$432K -42.8K -100% $10.10 0 Nov 19, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DVCR 2021 Restricted Stock Units Disposed to Issuer -8.68K -100% 0 Nov 19, 2021 Common Stock 8.68K Direct F1, F3, F4
transaction DVCR 2020 Restricted Stock Units Disposed to Issuer -8.09K -100% 0 Nov 19, 2021 Common Stock 8.09K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kerry D. Massey is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposition pursuant to the terms of the Agreement and Plan of Merger dated as of August 26, 2021 by and among DAC Acquisition, LLC, DVCR Acquisition Corporation and Diversicare Healthcare Services, Inc. (the "Merger Agreement"), exempt under Rule 16b-3.
F2 Pursuant to the terms of the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of common stock held by the reporting person immediately prior to the Effective Time was cancelled and the reporting person received an amount in cash equal to $10.10 per share of Company Common Stock, taking into account any changes thereto by reason of the merger.
F3 Each restricted stock unit is equal to one share.
F4 Pursuant to the terms of the Merger Agreement, at the Effective Time, each Restricted Stock Unit held by the reporting person immediately prior to the Effective Time was cancelled and the reporting person received an amount in cash equal to $10.10 per share of Company Common Stock represented by each such Restricted Stock Unit, taking into account any changes thereto by reason of the merger.