4//SEC Filing
Pitt Justin D 4
Accession 0000950170-24-032237
CIK 0001108109other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 4:31 PM ET
Size
19.5 KB
Accession
0000950170-24-032237
Insider Transaction Report
Form 4
Pitt Justin D
Pres,Chief Legal&Admin Officer
Transactions
- Disposition to Issuer
Common Stock
2024-03-15−5,001→ 12,584 total(indirect: By Spouse)
Holdings
- 30,000
Performance Based Restricted
Exercise: $0.00→ Common Stock (30,000 underlying) - 20,000
Stock Options (Right to Buy)
Exercise: $8.81From: 2022-03-01Exp: 2031-02-28→ Common Stock (20,000 underlying) - 30,000
Stock Options (Right to Buy)
Exercise: $6.15From: 2024-03-01Exp: 2033-02-28→ Common Stock (30,000 underlying) - 30,000
Performance Based Restricted
Exercise: $0.00→ Common Stock (30,000 underlying) - 208,116
Common Stock
- 30,000
Performance Based Restricted
Exercise: $0.00→ Common Stock (30,000 underlying) - 5,000
Stock Options (Right to Buy)
Exercise: $4.99From: 2020-03-01Exp: 2029-02-28→ Common Stock (5,000 underlying) - 20,000
Stock Options (Right to Buy)
Exercise: $4.93From: 2021-03-01Exp: 2030-02-28→ Common Stock (20,000 underlying) - 30,000
Stock Options (Right to Buy)
Exercise: $10.18From: 2023-03-01Exp: 2032-02-29→ Common Stock (30,000 underlying) - 30,000
Stock Options (Right to Buy)
Exercise: $2.87From: 2025-03-01Exp: 2034-02-28→ Common Stock (30,000 underlying)
Footnotes (5)
- [F1]The Reporting Person's spouse is no longer employed by an affiliate of the Issuer. The remaining unvested portion of her prior awards of restricted stock was forfeited in conjunction with her ceasing to be employed by an affiate of the Issuer. The Reporting Person disclaims beneficial ownership of the securities of the Issuer owned by his spouse, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2022 and 12/31/2024 (the "2022-2024 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2022-2024 Performance Period.
- [F3]The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2023 and 12/31/2025 (the "2023-2025 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2023-2025 Performance Period.
- [F4]The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2024 and 12/31/2026 (the "2024-2026 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2024-2026 Performance Period.
- [F5]Vesting occurs in 1/3 increments on the first, second and third anniversary of the date of grant.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeother
Related Parties
1- filerCIK 0001900988
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 4:31 PM ET
- Size
- 19.5 KB