Brian F. Kidd - 18 Feb 2022 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Role: SVP, Controller, PAO
Signature: /s/ Brian F. Kidd
Issuer symbol: NHC
Transactions as of: 18 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2022, 16:29:33 UTC
Previous filing: 04 Jan 2022
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NHC	Shares of Common Stock held in my name						17,761	18 Feb 2022	Direct

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	Award	$0	+11,200		$0.000000	11,200	18 Feb 2022	Common Stock	11,200	$63.96	Direct	F1, F2
holding	NHC	Option to Purchase Common Stock						1,370	18 Feb 2022	Common Stock	1,370	$72.94	Direct

* 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 Company's 2020 Omnibus Equity Incentive Plan on February 18, 2022. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
F2	This option will become vested and exercisable ratably over three (3) years so that one-third (1/3) will vest on February 18, 2023; one-third (1/3) will vest on February 18, 2024; and the final one-third (1/3) will vest on February 18, 2025.