Sec Form 4 Filing - Tyler Raymond L @ ADVOCAT INC - 2010-03-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Tyler Raymond L
2. Issuer Name and Ticker or Trading Symbol
ADVOCAT INC [ AVCA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP of Nursing Home Operations
(Last) (First) (Middle)
1621 GALLERIA BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2010
(Street)
BRENTWOOD, TN37027
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3,230 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2010 Restricted Stock Units ( 1 ) 03/31/2010 A 11.88 ( 2 ) ( 2 ) Common Stock 11.88 $ 0 1,624.78 D
2009 Restricted Stock Units ( 1 ) 03/31/2010 A 36.45 ( 3 ) ( 3 ) Common Stock 36.45 $ 0 4,985.95 D
Stock Settled Stock Appreciation Right $ 2.37 03/13/2010( 4 ) 03/13/2019 Common Stock 15,000 15,000 D
Stock Settled Stock Appreciation Right $ 10.88 ( 4 ) 03/14/2018 Common Stock 15,000 15,000 D
Stock Settled Stock Appreciation Right $ 11.59 ( 4 ) 03/07/2017 Common Stock 15,000 15,000 D
Stock Options (right to buy) ( 5 ) ( 5 ) ( 5 ) Common Stock ( 5 ) 50,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tyler Raymond L
1621 GALLERIA BOULEVARD
BRENTWOOD, TN37027
SVP of Nursing Home Operations
Signatures
/s/ L. Glynn Riddle, Jr., Attorney-In-Fact Raymond L. Tyler 04/02/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These restricted stock units accrued on restricted stock units originally granted to the reporting person in March 2010 and March 2009 in connection with a dividend declared on the Issuer's common stock. When the issuer declares a dividend, the terms of the original restricted stock units automatically entitle the holder to an additional number of restricted stock units equal to the value of the dividend that would have been received on the restricted stock units had they previously been converted into stock, based on the closing price of the stock on the dividend record date. Each restricted stock unit is equal to one share.
( 2 )The 2010 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/15/2010).
( 3 )The 2009 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/13/2009).
( 4 )Vests 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant.
( 5 )Represents the stock option holdings for Mr. Tyler on date of filing.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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