4//SEC Filing
Terry David L Jr 4
Accession 0001209191-12-006744
CIK 0001339553other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 6:00 PM ET
Size
25.7 KB
Accession
0001209191-12-006744
Insider Transaction Report
Form 4
Terry David L Jr
Senior VP & Chief Actuary
Transactions
- Disposition to Issuer
Common Stock
2012-01-31−79,802→ 19,364 total - Disposition to Issuer
Common Stock
2012-01-31−13,681→ 0 total - Disposition to Issuer
Common Stock
2012-01-31−485→ 0 total - Disposition to Issuer
Common Stock
2012-01-31−1,739→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2012-01-31−7,162→ 0 totalExercise: $15.16Exp: 2019-02-13→ Common Stock (7,162 underlying) - Disposition to Issuer
Common Stock
2012-01-31−1,592→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2012-01-31−4,313→ 0 totalExercise: $19.50Exp: 2018-02-19→ Common Stock (4,313 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2012-01-31−6,181→ 0 totalExercise: $17.82Exp: 2020-02-11→ Common Stock (6,181 underlying) - Award
Common Stock
2012-01-31+1,739→ 1,739 total - Disposition to Issuer
Common Stock
2012-01-31−3,606→ 0 total
Footnotes (10)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of October 24, 2011, by and among HealthSpring, Inc. (the "Company"), Cigna Corporation ("Cigna") and Cigna Magnolia Corp., an indirect wholly-owned subsidiary of Cigna, and the documents entered into in connection therewith (collectively, the "Merger Documents"), each share of the Company's common stock owned by the reporting person immediately prior to the effective time of the merger was, upon the effective time of the merger, converted into the right to receive $55.00 per share in cash, without interest and less any applicable withholding taxes.
- [F10]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this option to purchase shares of Company common stock granted under the 2006 Plan was assumed by Cigna and replaced with an option to purchase 7,651 shares of Cigna common stock for $14.40 per share. This option provided for vesting as follows: 50% on February 11, 2012; 25% on February 11, 2013; and 25% on February 11, 2014.
- [F2]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this award of restricted shares of Company common stock granted under the HealthSpring, Inc. 2006 Amended and Restated Equity Incentive Plan (the "2006 Plan") was cancelled in exchange for a cash cancellation payment equal to the product of (a) the merger consideration of $55.00 per share, and (b) 485.
- [F3]Pursuant to the terms of the Merger Documents, at the effective time of the merger, (i) 796 restricted shares subject to this award granted under the 2006 Plan were cancelled in exchange for a cash cancellation payment equal to the product of (a) the merger consideration of $55.00 per share, and (b) 796 and (ii) 796 restricted shares subject to this award granted under the 2006 Plan were assumed by Cigna and replaced with an award of 985 restricted shares of Cigna common stock. This award provided for restrictions with respect to these shares to lapse as follows: 50% on February 13, 2011; 25% on February 13, 2012; and 25% on February 13, 2013.
- [F4]Pursuant to the terms of the Merger Documents, at the effective time of the merger, (i) 6,841 restricted shares subject to this award granted under the 2006 Plan were cancelled in exchange for a cash cancellation payment equal to the product of (a) the merger consideration of $55.00 per share, and (b) 6,841 and (ii) 6,840 restricted shares subject to this award granted under the 2006 Plan were assumed by Cigna and replaced with an award of 8,467 restricted shares of Cigna common stock. This award provided for restrictions with respect to these shares to lapse as follows: 50% on February 11, 2012; 25% on February 11, 2013; and 25% on February 11, 2014.
- [F5]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this award of restricted shares of Company common stock granted under the 2006 Plan was assumed by Cigna and replaced with an award of 4,463 restricted shares of Cigna common stock. This award provided for restrictions with respect to these shares to lapse as follows: 50% on March 7, 2013; 25% on March 7, 2014; and 25% on March 7, 2015.
- [F6]The reporting person was previously awarded 1,739 restricted shares of Company common stock under the 2006 Plan that vested over time based on future Company performance. Pursuant to the terms of the award, upon the effective time of the merger, the performance goals were deemed to have been met. The award provided for restrictions with respect to these shares to then lapse as follows: 50% on March 7, 2013; 25% on March 7, 2014; and 25% on March 7, 2015.
- [F7]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this award of restricted shares of Company common stock granted under the 2006 Plan was assumed by Cigna and replaced with an award of 2,152 restricted shares of Cigna common stock.
- [F8]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this option to purchase shares of Company common stock granted under the 2006 Plan was assumed by Cigna and replaced with an option to purchase 5,339 shares of Cigna common stock for $15.76 per share. This option, which initially represented a right to purchase a total of 17,252 shares of Company common stock (previously exercised with respect to 12,939 shares), provided for vesting as follows: 50% on February 19, 2010; 25% on February 19, 2011; and 25% on February 19, 2012.
- [F9]Pursuant to the terms of the Merger Documents, at the effective time of the merger, this option to purchase shares of Company common stock granted under the 2006 Plan was assumed by Cigna and replaced with an option to purchase 8,865 shares of Cigna common stock for $12.25 per share. This option, which initially represented a right to purchase a total of 14,324 shares of Company common stock (previously exercised with respect to 7,162 shares), provided for vesting as follows: 50% on February 13, 2011; 25% on February 13, 2012; and 25% on February 13, 2013.
Documents
Issuer
HealthSpring, Inc.
CIK 0001339553
Entity typeother
Related Parties
1- filerCIK 0001351154
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 6:00 PM ET
- Size
- 25.7 KB