4//SEC Filing
Liang Samuel M. 4
Accession 0001140361-18-024993
CIK 0000722723other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 5:25 PM ET
Size
13.7 KB
Accession
0001140361-18-024993
Insider Transaction Report
Form 4
HANGER, INC.HNGR
Liang Samuel M.
Executive Vice President*
Transactions
- Tax Payment
Common Stock
2018-05-17$18.01/sh−1,439$25,916→ 139,475 total - Tax Payment
Common Stock
2018-05-19$19.00/sh−899$17,081→ 138,576 total - Award
Common Stock
2018-05-17+23,625→ 140,914 total
Holdings
- 72,231
Stock Options (right to buy)
Exercise: $12.77Exp: 2027-05-19→ Common Stock (72,231 underlying) - 28,892
Performance Share Units
Exp: 2020-05-19→ Common Stock (28,892 underlying)
Footnotes (6)
- [F1]Represents performance shares being issued to the reporting person based on the achievement of performance targets for the period beginning January 1, 2017 and ending on December 31, 2017. These performance shares vest in equal tranches over a four year period, commencing on the first anniversary of the grant date. Because the Compensation Committee did not certify the attainment of the performance targets until May 17, 2018, the first tranche was not deemed vested until that date. The remainder of the performance shares will vest in equal installments on March 8, 2019, 2020 and 2021.
- [F2]Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- [F3]Includes (i) unvested restricted shares and fully vested shares totaling 22,186 shares of stock from an initial grant of 23,625 shares of restricted stock, 25% of which vested on May 17, 2018 and the remainder of which will vest on March 8, 2019, 2020 and 2021; (ii) 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; (iii) 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; (iv) 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; [continued in next footnote]
- [F4](v) 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; (vi) 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; (vii) 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 (viii) fully vested shares totaling 12,616 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
- May 20, 8:00 PM ET
- Accepted
- May 21, 5:25 PM ET
- Size
- 13.7 KB