HEALTH NET INC 4
4 · HEALTH NET INC · Filed Mar 9, 2016
Insider Transaction Report
Form 4
Tough Steven D
Pres, Hlth Plns & Govt Progrms
Transactions
- Tax Payment
Common Stock
2016-03-07$63.60/sh−5,218$331,865→ 91,353 total - Tax Payment
Common Stock
2016-03-07$63.60/sh−1,739$110,600→ 96,571 total
Footnotes (3)
- [F1]Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of 33-1/3% of a grant of 10,000 restricted stock units made to the Reporting Person on March 7, 2013 (the "RSU Vest"), pursuant to the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan").
- [F2]Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of 33-1/3% of a grant of 30,000 performance stock units made to the Reporting Person on March 7, 2013, pursuant to the 2006 Plan (the "PSU Vest").
- [F3]The number of shares withheld by the Issuer in connection with the RSU Vest and the PSU Vest was based on the closing price of the Issuer's common stock on March 7, 2016, pursuant to the terms of the 2006 Plan.