4//SEC Filing
MOLINA HEALTHCARE INC 4
Accession 0001179929-17-000162
$MOHCIK 0001179929operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 5:52 PM ET
Size
10.9 KB
Accession
0001179929-17-000162
Insider Transaction Report
Form 4
BAYER TERRY
Chief Operating Officer
Transactions
- Award
Common Stock
2017-06-30$54.26/sh+350$18,991→ 80,671.5 total - Sale
Common Stock
2017-07-03$69.24/sh−415$28,735→ 80,256.5 total
Footnotes (6)
- [F1]The shares were acquired under the Molina Healthcare, Inc. 2011 Employee Stock Purchase Plan.
- [F2]Represents the closing price of Issuer's common stock on December 30, 2016. The purchase price is based on the stock's lower market price as of the two following dates: (1) January 1, 2017, the first day of the ESPP offering period, and (2) June 30, 2017, the last day of the ESPP offering period.
- [F3]The sale was made pursuant to Reporting Person's Rule 10b5-1 Trading Plan that was established on May 12, 2017. The sale previously reported on June 14, 2017 was also pursuant to the Reporting Person's 10b5-1 Plan established on May 12, 2017, not the 10b5-1 Plan established on March 15, 2017.
- [F4]Represents the actual selling price for all 415 shares.
- [F5]The shares vest as follows: (i) 16,033 shares shall vest in one-third increments over three years, on each of March 1, 2018, March 1, 2019, and March 1, 2020; (ii) 5,154 shares shall vest based on the Company's 2017 after tax profit margin; (iii) 5,154 shares shall vest based on the Company's 2018 after tax profit margin; (iv) 5,154 shares shall vest based upon the Company's 2017 STARS ratings; (v) 7,731 shares shall vest upon the Company's achievement of certain business development targets; (vi) 10,309 shares shall vest in two increments on each of March 7, 2018 and March 7, 2019; continued
- [F6](vii) 2,865 shares shall vest based on the Company's 2017 annual premium revenue achievement; (viii) 2,865 shares shall vest based on the Company's 2017 net profit margin achievement; (ix) 2,865 shares shall vest based on pre-tax income in fiscal year 2017; (x) 2,865 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 (xi) 2,866 shares shall vest on 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
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 5:52 PM ET
- Size
- 10.9 KB