4//SEC Filing
COMMUNITY HEALTH SYSTEMS INC 4
Accession 0001209191-14-054654
$CYHCIK 0001108109operating
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 4:31 PM ET
Size
14.7 KB
Accession
0001209191-14-054654
Insider Transaction Report
Form 4
MILLER DAVID LEWIS
Division President - Group Ops
Transactions
- Exercise/Conversion
Common Stock
2014-08-26$40.41/sh+100,000$4,041,000→ 390,632 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-08-26−100,000→ 0 totalExercise: $40.41From: 2008-07-25Exp: 2015-07-24→ Common Stock (100,000 underlying) - Sale
Common Stock
2014-08-26$52.89/sh−100,000$5,289,050→ 290,632 total
Holdings
- 100,000
Performance Based Restricted
Exercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (100,000 underlying) - 10,000
Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (10,000 underlying) - 50,000
Performance Based Restricted
Exercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (50,000 underlying) - 8,000
Stock Options (Right to Buy)
Exercise: $21.07From: 2013-02-16Exp: 2022-02-15→ Common Stock (8,000 underlying)
Footnotes (3)
- [F1]These shares were sold in a series of transactions at an average sales price of $52.8905 per share.
- [F2]Each performance based restricted share represents a contingent right to receive one share of CYH common stock. There are two elements to the lapsing of the restriction; first, the Company must achieve specified targeted amount of earnings per share from continuing operations, or net revenue from continuing operations, and if the performance objective is met, the vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the objectives are not met, the shares will be forfeited.
- [F3]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.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001108109
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 4:31 PM ET
- Size
- 14.7 KB