GREAVES ROGER F 4
4 · HEALTH NET INC · Filed May 16, 2013
Insider Transaction Report
Form 4
GREAVES ROGER F
Director
Transactions
- Exercise/Conversion
Common Stock
2013-05-14$28.20/sh+7,500$211,500→ 54,829 total - Tax Payment
Common Stock
2013-05-14$31.81/sh−6,648$211,473→ 48,181 total - Exercise/Conversion
Stock Option (Right to Buy)
2013-05-14−7,500→ 0 totalExercise: $28.20From: 2004-05-16Exp: 2013-05-16→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on May 16, 2003 (the "2003 Grant") under the Issuer's Third Amended and Restated Non-Employee Director Stock Option Plan (the "Plan"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
- [F2]Shares tendered by the Reporting Person to the Issuer in lieu of payment of the exercise price owed by the Reporting Person in connection with the exercise of the 2003 Grant. The tender of the shares was made in accordance with the terms of the Plan.
- [F3]The price used to calculate the number of shares to be tendered to the Issuer by the Reporting Person for payment of the exercise price was based on the closing price of the Issuer's common stock on May 14, 2013, in accordance with the terms of the Plan.
- [F4]The 2003 Grant became exercisable in 33 1/3% increments on each of the first, second and third anniversaries of the grant date.