Filing Details

Accession Number:
0001209191-12-020062
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-03-27 16:13:03
Reporting Period:
2012-03-23
Filing Date:
2012-03-27
Accepted Time:
2012-03-27 16:13:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1011064 Sunrise Senior Living Inc SRZ Services-Nursing & Personal Care Facilities (8050) 541746596
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1208541 S Mark Ordan 7900 Westpark Drive
Mclean VA 22102
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2012-03-23 48,300 $0.92 229,718 No 4 M Direct
Common Stock Disposition 2012-03-23 48,300 $7.27 181,418 No 4 S Direct
Common Stock Acquisiton 2012-03-26 132,879 $0.92 314,297 No 4 M Direct
Common Stock Disposition 2012-03-26 132,879 $7.39 181,418 No 4 S Direct
Common Stock Acquisiton 2012-03-27 43,821 $0.92 225,239 No 4 M Direct
Common Stock Disposition 2012-03-27 43,821 $7.37 181,418 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (Right to Buy) Disposition 2012-03-23 48,300 $0.00 48,300 $0.92
Common Stock Employee Stock Option (Right to Buy) Disposition 2012-03-26 132,879 $0.00 132,879 $0.92
Common Stock Employee Stock Option (Right to Buy) Disposition 2012-03-27 43,821 $0.00 43,821 $0.92
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,451,700 2009-11-13 2018-11-13 No 4 M Direct
1,318,821 2009-11-13 2018-11-13 No 4 M Direct
1,275,000 2009-11-13 2018-11-13 No 4 M Direct
Footnotes
  1. The reporting person exercised an employee stock option to purchase 48,300 shares at an exercise price of $0.92 per share.
  2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.21 to $7.31, inclusive. The reporting person undertakes to provide to Sunrise Senior Living, Inc. ("Sunrise"), any security holder of Sunrise, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) to this Form 4.
  3. The reporting person exercised an employee stock option to purchase 132,879 shares at an exercise price of $0.92 per share.
  4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.31 to $7.51, inclusive. The reporting person undertakes to provide to Sunrise, any security holder of Sunrise, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.
  5. The reporting person exercised an employee stock option to purchase 43,821 shares at an exercise price of $0.92 per share.
  6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.25 to $7.53, inclusive. The reporting person undertakes to provide to Sunrise, any security holder of Sunrise, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4.
  7. Represents the balance of Mr. Ordan's stock option to purchase 1,500,000 shares at an exercise price of $0.92 per share, which was granted to him on November 13, 2008 and is presently exercisable. In addition, Mr. Ordan has a stock option to purchase 1,000,000 shares at an exercise price of $3.94 per share, which was granted to him on December 1,2010 and of which 333,333 shares are presently exercisable. The remaining 666,667 shares subject to the option will vest and become exercisable in two equal installments on December 1, 2012 and 2013, subject to continued employment on the applicable vesting date. Mr. Ordan also holds stock options to purchase 240,000 shares at an exercise price of $18.25 per share, which were granted to him on March 19, 2008. Of these, options for 191,999 shares are presently exercisable and options for 48,001 shares will vest and become exercisable on March 19, 2013, subject to continued employment on the vesting date.