Jeffrey Russell Smith - Feb 25, 2022 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Role: SVP & Treasurer
Signature: /s/ Jeffrey R. Smith
Stock symbol: NHC
Transactions as of: Feb 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/1/2022, 02:45 PM
Previous filing: Feb 23, 2022
Next filing: Jan 4, 2023

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	Award	$0	+2.12K	+36.34%	$0.00	7.96K	Feb 25, 2022	Direct	F1

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
holding	NHC	Option to Purchase Common Stock						1.37K	Feb 25, 2022	Common Stock	1.37K	$72.94	Direct
holding	NHC	Option to Purchase Common Stock						11.2K	Feb 25, 2022	Common Stock	11.2K	$63.96	Direct

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

Explanation of Responses:

Id	Content
F1	Grant of restricted shares that are subject to a three-year vesting schedule with the first 33 1/3% vesting on 1/1/2023, the next 33 1/3% vesting on 1/1/2024, and the final 33 1/3% vesting on 1/1/2025.