HEALTH NET INC 4
4 · HEALTH NET INC · Filed Feb 21, 2007
Insider Transaction Report
Form 4
FARLEY THOMAS T
Director
Transactions
- Sale
Common Stock
2007-02-16$54.37/sh−7,500$407,800→ 31,326 total - Exercise/Conversion
Common Stock
2007-02-16$16.25/sh+7,500$121,875→ 38,826 total - Exercise/Conversion
Option (Right to Buy)
2007-02-16−7,500→ 0 totalExercise: $16.25From: 2000-05-07Exp: 2009-05-07→ Common stock (7,500 underlying)
Footnotes (3)
- [F1]Exercise of a Stock Option ("Right to Buy") granted to the Reporting Person on May 7, 1999, under the Issuer's Second Amended and Restated Non-Employee Director Plan in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
- [F2]Includes 10,000 shares held by the Farley Family Trust (the "Trust"). The Reporting Person is not a trustee of the Trust but does have investment power over the Trust and is the beneficiary of the Trust. Also includes 10,500 shares held in an Individual Retirement Account of which the Reporting Person is a beneficiary.
- [F3]The stock option became exercisable in 33 1/3% increments on each of the first, second and third anniversary of the grant date.