4//SEC Filing
MOLINA HEALTHCARE INC 4
Accession 0001179929-17-000055
$MOHCIK 0001179929operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:04 PM ET
Size
14.2 KB
Accession
0001179929-17-000055
Insider Transaction Report
Form 4
WHITE JOSEPH W CPA
Chief Accounting Officer
Transactions
- Award
Common Stock
2017-03-01$49.40/sh+13,847$684,042→ 115,028 total - Tax Payment
Common Stock
2017-03-01$49.40/sh−998$49,301→ 114,030 total - Tax Payment
Common Stock
2017-03-01$49.40/sh−851$42,039→ 113,179 total - Disposition to Issuer
Common Stock
2017-03-01−22,111→ 91,068 total
Footnotes (7)
- [F1]Grant of restricted stock under the Issuer's 2011 Equity Incentive Plan.
- [F2]Represents the closing price of the Issuer's common stock on March 1, 2017.
- [F3]The shares were applied to the payment of withholding taxes arising in connection with the vesting of 2,654 shares on March 1, 2017.
- [F4]The shares were applied to the payment of withholding taxes arising in connection with the vesting of 2,262 shares on March 1, 2017, upon the Company's fiscal year 2016 annual premium revenue achievement.
- [F5]Represents the forfeiture of performance-based restricted stock grants granted to the Reporting Person on each of March 1, 2014, April 1, 2015, and March 7, 2016 that were eligible to vest upon certain financial performance objectives. Upon grant, the target vesting amounts were reported in Table 1 of Form 4. The Company determined that, based on the Company's performance over the applicable performance period, the shares are forfeited.
- [F6]The shares vest as follows: (i) the 13,847 newly granted shares shall vest in one-third increments over three years, on each of March 1, 2018, March 1, 2019, and March 1, 2020; (ii) 4,317 shares shall vest based on the Company's 2017 after tax profit margin; (iii) 4,317 shares shall vest based on the Company's 2018 after tax profit margin; (iv) 4,317 shares shall vest based upon the Company's 2016 STARS ratings; (v) 4,317 shares shall vest based upon the Company's 2017 STARS ratings; (vi) 8,635 shares shall vest upon the Company's achievement of certain business development targets; (vii) 12,954 shares shall vest in one-third increments, on each of March 7, 2017, March 7, 2018, and March 7, 2019; continued
- [F7](viii) 2,262 shares shall vest based on the Company's 2017 annual premium revenue achievement; (ix) 2,262 shares shall vest based on the Company's 2017 net profit margin achievement; (x) 2,262 shares shall vest based on pre-tax income in fiscal year 2017; (xi) 2,262 shares shall vest upon the Company's achieving a three-year Total Stockholder Return (TSR) for the three-year period ending December 31, 2017 as determined by ISS calculations that is greater than the median TSR achieved by the Company's 2015 ISS peer group; and (xii) 4,525 shares shall vest one half on each of April 1, 2017, and April 1, 2018; the remainder of the shares are vested.
Issuer
MOLINA HEALTHCARE INC
CIK 0001179929
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001179929
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:04 PM ET
- Size
- 14.2 KB