James R. McKnight Jr. - Nov 3, 2021 Form 4 Insider Report for Diversicare Healthcare Services, Inc. (DVCR)

Role: CEO and President, Director
Signature: /s/ Susan V. Sidwell, Attorney-In-Fact for James R. McKnight, Jr.
Stock symbol: DVCR
Transactions as of: Nov 3, 2021
Transactions value $: -$2,458,572
Form type: 4
Date filed: 11/22/2021, 07:31 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DVCR	Common Stock	Gift	$0	-55K	-18.43%	$0.00	243K	Nov 3, 2021	Direct	F1, F2
transaction	DVCR	Common Stock	Disposed to Issuer	-$2.46M	-243K	-100%	$10.10	0	Nov 19, 2021	Direct	F3, F4

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		-13.5K	-100%		0	Nov 19, 2021	Common Stock	13.5K		Direct	F3, F5, F6
transaction	DVCR	2020 Restricted Stock Units	Disposed to Issuer		-13.2K	-100%		0	Nov 19, 2021	Common Stock	13.2K		Direct	F3, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James R. McKnight Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On November 3, 2021, the reporting person made a charitable gift of 55,000 shares.
F2	Bona Fide Gift. No compensation was given to the donor for the gifting of shares.
F3	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.
F4	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.
F5	Each restricted stock unit is equal to one share.
F6	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.