Hays Patrick G 4

4 · IPC The Hospitalist Company, Inc. · Filed Jan 4, 2011

Form 4

Period: 2010-12-31

Director

Transactions

Exercise/Conversion
Common Stock
2010-12-31+1,535→ 1,959 total
Award
Stock Option (Right-to-Buy)
2011-01-03+6,000→ 6,000 total
Exercise: $40.99Exp: 2021-01-03→ Common Stock (6,000 underlying)
Exercise/Conversion
Deferred Common Stock
2010-12-31−424→ 0 total
From: 2010-12-31Exp: 2010-12-31→ Common Stock (424 underlying)
Exercise/Conversion
Common Stock
2010-12-31+424→ 424 total
Exercise/Conversion
Deferred Common Stock
2010-12-31−1,535→ 0 total
From: 2010-12-31Exp: 2010-12-31→ Common Stock (1,535 underlying)
Award
Deferred Common Stock
2011-01-03+732→ 732 total
→ Common Stock (732 underlying)

Footnotes (5)

[F1]Each share of deferred common stock was the economic equivalent of one share of the Company's common stock.
[F2]Acquired by reporting person pursuant to the Company's Non-Employee Director Retainer Conversion Program for 2011 Calendar year. Each share of deferred stock is the economic equivalent of one share of the Company's common stock
[F3]Vests equally on a monthly basis beginning on January 31, 2011 and on the last day of each month for the subsequent eleven months.
[F4]Payment of these shares will occur on the earlier of (1) the date that is the thirtieth day following the reporting person separation from service with the Company and (ii) December 31, 2011.
[F5]Vests ratably over the following 12 months period.

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