4//SEC Filing
Liang Samuel M. 4
Accession 0001140361-18-013108
CIK 0000722723other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 6:22 PM ET
Size
11.9 KB
Accession
0001140361-18-013108
Insider Transaction Report
Form 4
HANGER, INC.HGR
Liang Samuel M.
Executive Vice President*
Transactions
- Tax Payment
Common Stock
2018-03-08$15.70/sh−1,370$21,509→ 96,588 total - Award
Common Stock
2018-03-09+20,701→ 117,289 total
Holdings
- 28,892
Performance Share Units
Exp: 2020-05-19→ Common Stock (28,892 underlying) - 72,231
Stock Options (right to buy)
Exercise: $12.77Exp: 2027-05-19→ Common Stock (72,231 underlying)
Footnotes (6)
- [F1]Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- [F2]Represents a grant of time-based restricted stock under the Company's 2016 Omnibus Incentive Plan ("Plan"), which vests to the extent of 25% annually beginning on March 9, 2019 and cumulatively vests to the extent of 25% each year thereafter. The restricted stock being reported does not include the contingent right of the reporting person to receive up to 20,701 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2018.
- [F3]Includes (i) unvested restricted shares totaling 20,701 shares of stock from an initial grant of 20,701 shares of restricted stock that begins to vest on March 9, 2019; (ii) unvested restricted shares and fully vested shares totaling 20,666 shares of stock from an initial grant of 20,666 shares of restricted stock, half of which vested on January 25, 2018 and the remainder of which will vest on March 7, 2018 and 2019; (iii) unvested restricted shares and fully vested shares totaling 21,130 shares of stock from an initial grant of 22,500 shares of restricted stock that begins to vest on March 8, 2018; (iv) unvested restricted shares and fully vested shares totaling 5,000 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on October 11, 2017; [continued in next footnote]
- [F4](v) unvested restricted shares and fully vested shares totaling 22,500 shares of stock from an initial grant of 22,500 shares of restricted stock that begins to vest on March 7, 2017; (vi) unvested restricted shares and fully vested shares totaling 13,777 shares of stock from an initial grant of 13,777 shares of restricted stock made on March 6, 2015 and (vii) unvested restricted shares and fully vested shares totaling 13,515 shares of stock from an initial grant of 14,745 shares of restricted stock made on May 19, 2014. Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.
- [F5]Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
- [F6]Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.
Documents
Issuer
HANGER, INC.
CIK 0000722723
Entity typeother
Related Parties
1- filerCIK 0001618037
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 6:22 PM ET
- Size
- 11.9 KB