MOLINA HEALTHCARE INC 4
4 · MOLINA HEALTHCARE INC · Filed Dec 7, 2015
Insider Transaction Report
Form 4
Nichols Norman
Other
Transactions
- Tax Payment
Common Stock
2015-12-03$59.14/sh−513$30,339→ 42,004 total
Footnotes (3)
- [F1]The shares were applied to the payment of withholding taxes in connection with the vesting of 1,875 shares on December 3, 2015 upon the Company achieving total revenue (as defined in the Reporting Person's Restricted Stock Award Agreement) in fiscal year 2015 in excess of $12 billion (the "Vesting Condition"). The achievement of the Vesting Condition was certified by the Compensation Committee on December 2, 2015, with vesting of the shares effective as of December 3, 2015.
- [F2]Represents the closing price (and selling price) of Issuer's common stock on December 3, 2015.
- [F3]The shares shall vest as follows: 9,584 shares on March 1, 2016; 4,897 shares on March 1, 2017 and March 1, 2018; and 1,826 shares on March 1, 2019. The remainder of the shares are vested.