Brian F. Kidd - 05 Mar 2024 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Signature
/s/ Brian F. Kidd
Issuer symbol
NHC
Transactions as of
05 Mar 2024
Net transactions value
$0
Form type
4
Filing time
07 Mar 2024, 17:01:12 UTC
Previous filing
26 Feb 2024
Next filing
14 Mar 2024

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 +1,409 +6.7% $0.000000 22,554 05 Mar 2024 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
transaction NHC Option to Purchase Common Stock Award $0 +12,000 $0.000000 12,000 05 Mar 2024 Common Stock 12,000 $94.10 Direct F2, F3
holding NHC Option to Purchase Common Stock 3,734 05 Mar 2024 Common Stock 3,734 $63.96 Direct
holding NHC Option to Purchase Common Stock 12,000 05 Mar 2024 Common Stock 12,000 $53.94 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 1/1/2025, the next 33 1/3% vesting on 1/1/2026, and the final 33 1/3% vesting on 1/1/2027.
F2 These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on March 5, 2024. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
F3 These stock options will become vested and exercisable ratably over three (3) years so that one-third (1/3) will vest on March 5, 2025; one-third (1/3) will vest on March 5, 2026; and the final one-third (1/3) will vest on March 5, 2027.