Hodgin Ace 4
4 · WELLCARE HEALTH PLANS, INC. · Filed Jan 4, 2006
Insider Transaction Report
Form 4
Hodgin Ace
Sr. VP, Chief Medical Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-30−55,000→ 0 totalExercise: $17.00From: 2004-08-05Exp: 2014-08-05→ Common Stock (55,000 underlying) - Award
Employee Stock Option (right to buy)
2005-12-30+55,000→ 55,000 totalExercise: $19.10Exp: 2014-08-05→ Common Stock (55,000 underlying)
Footnotes (2)
- [F1]The option vests as to 25% on the first anniversary of date of grant (8/5/04), and as to 2.08333333% upon the end of each full calendar month thereafter.
- [F2]The reporting person agreed to an amendment of an option granted to him on August 5, 2004, to increase the exercise price from $17.00 to $19.10, the fair market value of the registrant's stock on the date of grant. The repricing was effected to avoid certain potential adverse tax consequences under the deferred compensation provisions of the American Jobs Creation Act.