Cotton Michael Lester 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Jul 6, 2010
Insider Transaction Report
Form 4
Cotton Michael Lester
President, South Division
Transactions
- Exercise/Conversion
Common Stock
2010-07-01+5,620→ 9,879 total - Tax Payment
Common Stock
2010-07-01$23.70/sh−1,824$43,229→ 8,055 total - Exercise/Conversion
Restricted Stock Units
2010-07-01−5,620→ 5,621 total→ Common Stock (5,620 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units granted to the Reporting Person on July 29, 2009.
- [F2]Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on July 29, 2009 and vested on July 1, 2010.
- [F3]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F4]The restricted stock units vest as to approximately 50% on 7/1/2010 and approximately 50% on 7/1/2011. Vested shares will be delivered to the Reporting Person upon vest.