COMMUNITY HEALTH SYSTEMS INC 4
4 · COMMUNITY HEALTH SYSTEMS INC · Filed Aug 21, 2014
Insider Transaction Report
Form 4
SEIFERT RACHEL A
Senior VP and Secretary
Transactions
- Exercise/Conversion
Common Stock
2014-08-21$40.41/sh+20,000$808,200→ 202,700 total - Sale
Common Stock
2014-08-21$51.44/sh−40,000$2,057,448→ 162,700 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-08-21−7,500→ 0 totalExercise: $37.21From: 2008-02-28Exp: 2015-02-27→ Common Stock (7,500 underlying) - Exercise/Conversion
Common Stock
2014-08-21$37.21/sh+7,500$279,075→ 182,700 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-08-21−20,000→ 0 totalExercise: $40.41From: 2008-07-25Exp: 2015-07-24→ Common Stock (20,000 underlying)
Holdings
- 7,500
Stock Options (Right to Buy)
Exercise: $18.18From: 2010-02-25Exp: 2019-02-24→ Common Stock (7,500 underlying) - 10,000
Stock Options (Right to Buy)
Exercise: $32.28From: 2009-02-27Exp: 2018-02-26→ Common Stock (10,000 underlying) - 50,000
Performance Based Restricted
Exercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The shares were sold in a series of transactions at a weighted average price of $51.4362 per share.
- [F2]Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The performance target may be met in part in the first year or in whole or in part over the first two years. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.