4//SEC Filing
Capezza Joseph C. 4
Accession 0001179110-11-003301
CIK 0000916085other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 6:33 PM ET
Size
10.8 KB
Accession
0001179110-11-003301
Insider Transaction Report
Form 4
Capezza Joseph C.
EVP & Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2011-02-18+54,000→ 54,000 totalExercise: $30.73From: 2012-02-18Exp: 2018-02-18→ Common Stock (54,000 underlying) - Award
Common Stock
2011-02-18+39,750→ 140,377 total - Tax Payment
Common Stock
2011-02-22$30.49/sh−1,176$35,856→ 139,201 total
Footnotes (6)
- [F1]Includes 12,750 performance shares, which represent the portion of the Reporting Person's February 17, 2009 performance share award attributable to the Issuer's achievement of a target level of pre-tax income in 2010. Vesting of the performance shares is subject to continued employment of the Reporting Person through the date on which the Compensation Committee makes a determination regarding the satisfaction of certain additional criteria, which shall occur as soon as practicable following December 31, 2011 and in any event, no later than the third anniversary of the grant date. Also includes 27,000 restricted stock units ("RSUs") granted to the Reporting Person on February 18, 2011 (the "2011 Grant Date") under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which vest and become non-forfeitable with respect to 33-1/3% of the RSUs on each of the first, second and third anniversaries of the 2011 Grant Date.
- [F2]Stock option granted to the Reporting Person under the Issuer's 2006 Plan in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
- [F3]This stock option becomes exercisable with respect to 33-1/3% of the shares underlying the options on each of the first, second and third anniversaries of the 2011 Grant Date.
- [F4]Represents the total number of stock options granted to the Reporting Person on the 2011 Grant Date.
- [F5]Shares forfeited in lieu of payment of tax liability in connection with the vesting of twenty-five percent of a grant of 12,500 restricted stock units made to the Reporting Person on February 22, 2010 pursuant to the Issuer's 2006 Plan (the "2010 Grant").
- [F6]The number of shares forfeited by the Reporting Person was based on the closing price of the Issuer's common stock on February 22, 2011, the first vesting date of the 2010 Grant.
Documents
Issuer
HEALTH NET INC
CIK 0000916085
Entity typeother
Related Parties
1- filerCIK 0001415947
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 6:33 PM ET
- Size
- 10.8 KB