Coil Gerald V 4
4 · HealthSpring, Inc. · Filed Feb 18, 2009
Insider Transaction Report
Form 4
Coil Gerald V
Executive VP and COO
Transactions
- Award
Common Stock
2009-02-13$12.89/sh+23,281$299,999→ 41,003 total
Footnotes (2)
- [F1]The reporting person acquired 23,281 shares of restricted common stock from the Company in connection with the election to defer a portion of his annual cash bonus pursuant to the terms of the HealthSpring, Inc. 2008 Management Stock Purchase Plan (the "MSPP"). The MSPP was approved in accordance with Rule 16b-3(d), promulgated under the Securities Exchange Act of 1934, as amended. In general, the restrictions with respect to these shares lapse on February 13, 2011, assuming continued employment.
- [F2]Pursuant to the terms of the MSPP, the effective purchase price was 85% of the closing price of the Company's common stock as reported on the New York Stock Exchange ($15.16) on February 13, 2009.