HEALTH NET INC 4
4 · HEALTH NET INC · Filed Jun 30, 2015
Insider Transaction Report
Form 4
Tough Steven D
Pres, Hlth Plns & Govt Progrms
Transactions
- Exercise/Conversion
Common Stock
2015-06-26$23.03/sh+34,200$787,626→ 115,421 total - Sale
Common Stock
2015-06-26$64.83/sh−34,200$2,217,186→ 81,221 total - Exercise/Conversion
Stock Option (Right to Buy)
2015-06-26−34,200→ 32,400 totalExercise: $23.03From: 2013-02-22Exp: 2017-02-22→ Common Stock (34,200 underlying)
Footnotes (2)
- [F1]Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on February 22, 2010 under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2010 Grant"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Act"). The exercise of the 2010 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.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.46 to $65.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. These sales of Common Stock by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.