NATIONAL HEALTHCARE CORP — Director's Dealing 2021

Nov 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL HEALTHCARE CORP (NHC)
CIK: 0001047335
Period of Report: 2021-11-05

Reporting Person: Flatt Stephen Fowler (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-05	Shares of Common Stock held in my name	M	40000	$72.94	Acquired	90728	Direct
2021-11-05	Shares of Common Stock held in my name	F	38633	$76.35	Disposed	52095	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-05	Option to Purchase Common Stock	$72.94	M	40000	Disposed	2022-03-11	Common Stock (45000)	Direct

Footnotes

F1: These stock options were granted pursuant to the 2010 Omnibus Equity Incentive Plan on May 9, 2017. On February 11, 2021, the Compensation Committee amended the options to grant the ability to exercise up to 100% of these options, with any shares issued upon exercise to be held as restricted stock until February 9, 2022, the original vesting date. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).

F2: Shares were withheld by the Company to pay the exercise price and withholding tax obligations.

F3: Total amount of shares beneficially owned following transactions reported on this form.