Jeffrey Russell Smith - 18 Mar 2021 Form 4/A - Amendment Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Signature
/s/ Jeffrey Russell Smith
Issuer symbol
NHC
Transactions as of
18 Mar 2021
Net transactions value
-$69,077
Form type
4/A - Amendment
Filing time
03 Jan 2022, 15:01:48 UTC
Date Of Original Report
22 Mar 2021
Next filing
03 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NHC Shares of Common Stock held in my name Options Exercise $3,401,192 +46,630 +766% $72.94 52,716 18 Mar 2021 Direct F1, F4
transaction NHC Shares of Common Stock held in my name Tax liability $3,470,269 -43,811 -83% $79.21 8,905 18 Mar 2021 Direct F2, F3

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 NHC Option to Purchase Common Stock Options Exercise $0 -46,630 -97% $0.000000 1,370 18 Mar 2021 Common Stock 48,000 $72.94 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock options were granted pursuant to the 2010 Omnibus Equity Incentive Plan on May 9, 2017. On February 11, 2021, the Compensation Committee amended the option to grant the ability to exercise up to 100% of this option, with any shares issued upon exercise to be held as restricted stock until February 9, 2022, the original vesting date. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
F2 Shares were withheld by the Company to pay the exercise price and withholding tax obligations.
F3 Total amount of shares beneficially owned following transactions reported on this form.
F4 There was a typo in the price per share as originally reported on Form 4 filed 3/22/2021. It is corrected here to match the option price of $72.94.