Cotton Michael Lester 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Sep 17, 2010
Insider Transaction Report
Form 4
Cotton Michael Lester
President, South Division
Transactions
- Tax Payment
Common Stock
2010-09-15$27.36/sh−1,118$30,588→ 10,256 total - Exercise/Conversion
Common Stock
2010-09-15+3,444→ 11,374 total - Disposition to Issuer
Common Stock
2010-09-17−1,958→ 8,298 total - Exercise/Conversion
Restricted Stock Units
2010-09-15−3,444→ 10,335 total→ Common Stock (3,444 underlying)
Footnotes (5)
- [F1]Vesting of restricted stock units granted to the Reporting Person on September 15, 2009.
- [F2]Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on September 15, 2009 and vested on September 15, 2010.
- [F3]Forfeiture of restricted stock resulting from termination of employment.
- [F4]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- [F5]The restricted stock units vest in approximately equal installments on each of the first through fourth anniversaries of September 15, 2009. Vested shares will be delivered to the reporting person upon vest.