Sec Form 4 Filing - McKnight James Reed Jr. @ Diversicare Healthcare Services, Inc. - 2018-06-30

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
McKnight James Reed Jr.
2. Issuer Name and Ticker or Trading Symbol
Diversicare Healthcare Services, Inc. [ DVCR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
1621 GALLERIA BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2018
(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 86,506 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
Dividend Equivalent Rights on 2018 Restricted Shares ( 1 ) 06/30/2018 A 101.84 ( 1 ) ( 1 ) Common Stock 101.84 $ 0 ( 1 ) 193.26 D
Dividend Equivalent Rights on 2017 Restricted Shares ( 2 ) 06/30/2018 A 69.37 ( 2 ) ( 2 ) Common Stock 69.37 $ 0 ( 2 ) 311.78 D
Dividend Equivalent Rights on 2016 Restricted Shares ( 3 ) 06/30/2018 A 35.52 ( 3 ) ( 3 ) Common Stock 35.52 $ 0 ( 3 ) 260.09 D
2018 Restricted Stock Units ( 4 ) 06/30/2018 A 31.13 ( 5 ) ( 5 ) Common Stock 31.13 $ 0 3,880.18 D
2017 Restricted Stock Units ( 4 ) 06/30/2018 A 35.99 ( 6 ) ( 6 ) Common Stock 35.99 $ 0 4,485.2 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McKnight James Reed Jr.
1621 GALLERIA BOULEVARD
BRENTWOOD, TN37027
Chief Financial Officer
Signatures
/s/ Susan V. Sidwell, Attorney-In-Factfor James Reed McKnight, Jr. 07/03/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These dividend equivalent rights accrued on shares of restricted stock granted on March 13, 2018 and will vest as the underlying shares vest.
( 2 )These dividend equivalent rights accrued on shares of restricted stock granted on March 13, 2017 and will vest as the underlying shares vest.
( 3 )These dividend equivalent rights accrued on shares of restricted stock granted on March 11, 2016 and will vest as the underlying shares vest.
( 4 )Each restricted stock unit is equal to one share. These are dividend equivalent rights accruing on restricted stock units.
( 5 )The 2018 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/13/2018).
( 6 )The 2017 Restricted Stock Units shall vest and be exercisable in full on the 2nd anniversary of their original Grant Date (03/13/2017).

Remarks:
Exhibit ListExhibit 24 - Power of Attorney

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