4//SEC Filing
Clarey Patricia T. 4
Accession 0001179110-12-003277
CIK 0000916085other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 7:02 PM ET
Size
13.4 KB
Accession
0001179110-12-003277
Insider Transaction Report
Form 4
Clarey Patricia T.
SVP, Chief Regulatory Officer
Transactions
- Tax Payment
Common Stock
2012-02-18$39.34/sh−1,401$55,115→ 48,588 total - Tax Payment
Common Stock
2012-02-17$39.34/sh−6,750$265,545→ 53,582 total - Tax Payment
Common Stock
2012-02-18$39.34/sh−2,052$80,726→ 49,989 total - Award
Common Stock
2012-02-17+3,750→ 60,332 total - Tax Payment
Common Stock
2012-02-17$39.34/sh−1,541$60,623→ 52,041 total
Footnotes (10)
- [F1]Represents 3,750 Restricted Stock Units ("RSUs") granted to the Reporting Person on February 17, 2012 (the "2012 Grant") under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which RSUs 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 2012 Grant.
- [F10]Includes shares held by the Patricia T. Clarey Revocable Trust, of which the Reporting Person is sole trustee and beneficiary.
- [F2]Shares forfeited in lieu of payment of tax liability in connection with the vesting of 18,270 performance shares, which represent the portion of the Reporting Person's February 2009 performance share award (made pursuant to the 2006 Plan) attributable to the Issuers's achievement of a target level of pre-tax income and completion of certain strategic business divestitures in 2009 (the "2009 Grant I").
- [F3]The number of shares forfeited by the Reporting Person was based on the closing price of the Issuer's common stock on February 17, 2012, the vesting date of the 2009 Grant I.
- [F4]Shares forfeited in lieu of payment of tax liability in connection with the vesting of 4,200 performance shares, which represent the portion of the Reporting Person's February 2009 performance share award (made pursuant to the 2006 Plan) attributable to the Issuer's achievement of a target level of pre-tax income in 2010 (the "2009 Grant II").
- [F5]The number of shares forfeited by the Reporting Person was based on the closing price of the Issuer's common stock on February 17, 2012, the vesting date of the 2009 Grant II.
- [F6]Shares forfeited in lieu of payment of tax liability in connection with the vesting of 50% of a grant of 10,000 RSUs made to the Reporting Person on February 18, 2008 pursuant to the 2006 Plan (the "2008 Grant").
- [F7]The number of shares forfeited by the Reporting Person for the 2008 Grant was based on the closing price of the Issuer's common stock on February 17, 2012 pursuant to the terms of the 2006 Plan.
- [F8]Shares forfeited in lieu of payment of tax liability in connection with the vesting of 33-1/3% of a grant of 9,000 RSUs made to the Reporting Person on February 18, 2011 pursuant to the 2006 Plan (the "2011 Grant").
- [F9]The number of shares forfeited by the Reporting Person for the 2011 Grant was based on the closing price of the Issuer's common stock on February 17, 2012 pursuant to the terms of the 2006 Plan.
Documents
Issuer
HEALTH NET INC
CIK 0000916085
Entity typeother
Related Parties
1- filerCIK 0001435524
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 7:02 PM ET
- Size
- 13.4 KB