Capezza Joseph C. 4
4 · HEALTH NET INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
Capezza Joseph C.
EVP & Chief Financial Officer
Transactions
- Award
Common Stock
2012-02-17+10,000→ 141,865 total - Tax Payment
Common Stock
2012-02-17$39.34/sh−23,371$919,415→ 118,494 total - Tax Payment
Common Stock
2012-02-17$39.34/sh−5,952$234,152→ 112,542 total - Tax Payment
Common Stock
2012-02-18$39.34/sh−4,202$165,307→ 108,340 total
Footnotes (8)
- [F1]Represents 10,000 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.
- [F2]Shares forfeited in lieu of payment of tax liability in connection with the vesting of 55,463 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 12,750 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 as 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 33 1/3% of a grant of 27,000 RSUs made to the Reporting Person on February 18, 2011 pursuant to the 2006 Plan (the "2011 Grant").
- [F7]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.
- [F8]Includes shares held jointly in an account in the name of the Reporting Person and his spouse.