Stephen Fowler Flatt - 25 Feb 2022 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Role: CEO, Director
Signature: /s/ Stephen F. Flatt by Kristina R. Hulsey, P.O.A.
Issuer symbol: NHC
Transactions as of: 25 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Mar 2022, 16:04:29 UTC
Previous filing: 23 Feb 2022
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHC	Common Stock	Award	$0	+4,800	+9.3%	$0.000000	56,318	25 Feb 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						5,000	25 Feb 2022	Common Stock	5,000	$72.94	Direct
holding	NHC	Option to Purchase Common Stock						14,200	25 Feb 2022	Common Stock	14,200	$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.