Newman Michael 4

4 · SUN HEALTHCARE GROUP INC · Filed Mar 16, 2011

Form 4

Period: 2011-03-14

EVP and General Counsel

Transactions

Exercise/Conversion
Common Stock
2011-03-15$8.50/sh+12,056$102,476→ 43,331 total
Tax Payment
Common Stock
2011-03-15$13.62/sh−9,641$131,262→ 43,331 total
Award
Common Stock
2011-03-14+14,812→ 58,008 total
Tax Payment
Common Stock
2011-03-15$13.62/sh−6,852$93,290→ 43,331 total
Exercise/Conversion
Option (Right to Buy)
2011-03-15−12,056→ 0 total
Exercise: $8.50Exp: 2012-05-18→ Common Stock (12,056 underlying)

Holdings

Footnotes (7)

[F1]Grant of restricted stock units under the Issuer's 2009 Performance Incentive Plan. The units vest at the rate of 25% on each of April 15, 2012 and March 15, 2013, 2014 and 2015 and, upon vesting, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
[F2]Includes 57,175 unvested restricted stock units that have not yet been paid in shares of the Issuer's common stock.
[F3]Mr. Newman elected to pay a tax liability arising upon the vesting of his restricted stock unit awards by having the Issuer withhold shares that would have otherwise been issued to Mr. Newman. The shares that were withheld had a value equal to the tax liability. The shares that were issued to Mr. Newman were transferred to his Family Trust.
[F4]Includes 42,498 restricted stock units that have not yet been paid in shares of the Issuer's common stock.
[F5]The shares of common stock issued to Mr. Newman upon exercise of his stock option were transferred to his Family Trust.
[F6]Mr. Newman elected to pay the exercise price and tax liability arising upon the exercise of his stock options by having the Issuer withhold shares that would have otherwise been issued to Mr. Newman. The shares that were withheld had a value equal to the exercise price and tax liability.
[F7]The option became exercisable in full since May 19, 2009.

Documents

1 file