Cotton Michael Lester 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Mar 16, 2010
Insider Transaction Report
Form 4
Cotton Michael Lester
President, South Division
Transactions
- Tax Payment
Common Stock
2010-03-13$29.89/sh−613$18,323→ 4,569 total - Exercise/Conversion
Common Stock
2010-03-13+1,886→ 5,182 total - Exercise/Conversion
Restricted Stock Units
2010-03-13−1,886→ 5,660 total→ Common Stock (1,886 underlying) - Tax Payment
Common Stock
2010-03-13$29.89/sh−310$9,266→ 4,259 total
Footnotes (5)
- [F1]Vesting of restricted stock units granted to the Reporting Person on June 1, 2009.
- [F2]Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on June 1, 2009 and vested on March 13, 2010.
- [F3]Forfeiture of shares to satisfy tax obligations related to previously issued shares of restricted stock that vested on March 13, 2010.
- [F4]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F5]The restricted stock units vest in equal installments on each of the first through fourth anniversaries of March 13, 2009. Vested shares will be delivered to the Reporting Person upon vest.