HEALTH NET INC 4
4 · HEALTH NET INC · Filed Nov 17, 2014
Insider Transaction Report
Form 4
MAYHEW KARIN D
SVPOrganization Effectiveness
Transactions
- Sale
Common Stock
2014-11-13$50.00/sh−22,500$1,125,000→ 43,361 total - Exercise/Conversion
Stock Option (Right to Buy)
2014-11-13−22,500→ 0 totalExercise: $45.64Exp: 2016-04-11→ Common Stock (22,500 underlying) - Sale
Common Stock
2014-11-13$50.00/sh−10,000$500,000→ 43,361 total - Exercise/Conversion
Common Stock
2014-11-13$45.64/sh+22,500$1,026,900→ 65,861 total
Footnotes (4)
- [F1]The sale of Common Stock by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Act").
- [F2]Includes shares held by the Karin Mayhew 2006 Revocable Trust, of which the Reporting Person is a trustee and beneficiary.
- [F3]Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on April 11, 2006 under the Issuer's 2005 Long-Term Incentive Plan (the "2006 Grant"), in a transaction exempt under Rule 16b-3 of the Act. The exercise of the 2006 Grant was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
- [F4]The 2006 Grant became exercisable in 50% increments on each of the second and fourth anniversaries of April 11, 2006, the grant date.