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4//SEC Filing

TENET HEALTHCARE CORP 4

Accession 0001209191-15-020462

$THCCIK 0000070318operating
View on SEC.govCompany Profile

Filed

Mar 1, 7:00 PM ET

Accepted

Mar 2, 6:46 PM ET

Size

41.0 KB

Accession

0001209191-15-020462

Insider Transaction Report

Form 4
Period: 2015-02-26
TENET HEALTHCARE CORPTHC
Reynolds Britt T
Pres. of Hospital Operations
Transactions
  • Exercise/Conversion

    2014 February Performance-Based Restricted Stock Units

    2015-02-26−17,290→ 34,582 total
    → Common Stock (17,290 underlying)
  • Exercise/Conversion

    Common Stock

    2015-02-26+17,290→ 40,767 total
  • Exercise/Conversion

    Common Stock

    2015-02-27+8,904→ 48,867 total
  • Tax Payment

    Common Stock

    2015-02-27$46.30/sh−2,098$97,137→ 48,033 total
  • Tax Payment

    Common Stock

    2015-02-26$46.74/sh−2,365$110,540→ 23,477 total
  • Tax Payment

    Common Stock

    2015-02-27$46.30/sh−3,736$172,977→ 45,131 total
  • Tax Payment

    Common Stock

    2015-02-27$46.30/sh−3,736$172,977→ 39,963 total
  • Exercise/Conversion

    Common Stock

    2015-02-27+5,000→ 50,131 total
  • Exercise/Conversion

    Common Stock

    2015-02-27+5,000→ 53,033 total
  • Exercise/Conversion

    2014 February Restricted Stock Units

    2015-02-26−8,645→ 17,291 total
    → Common Stock (8,645 underlying)
  • Exercise/Conversion

    2013 February Restricted Stock Units

    2015-02-27−8,904→ 8,904 total
    → Common Stock (8,904 underlying)
  • Tax Payment

    Common Stock

    2015-02-27$46.30/sh−2,098$97,137→ 50,935 total
  • Exercise/Conversion

    Common Stock

    2015-02-26+8,645→ 25,842 total
  • Tax Payment

    Common Stock

    2015-02-26$46.74/sh−5,972$279,131→ 34,795 total
  • Exercise/Conversion

    Common Stock

    2015-02-27+8,904→ 43,699 total
  • Exercise/Conversion

    2013 February Performance-Based Restricted Stock Units

    2015-02-27−8,904→ 8,904 total
    → Common Stock (8,904 underlying)
  • Exercise/Conversion

    2012 February Restricted Stock Units

    2015-02-27−5,000→ 0 total
    → Common Stock (5,000 underlying)
  • Exercise/Conversion

    2012 February Performance-Based Restricted Stock Units

    2015-02-27−5,000→ 0 total
    → Common Stock (5,000 underlying)
Footnotes (10)
  • [F1]As previously reported, on February 26, 2014, the reporting person received a grant of 25,936 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2015, resulting in the vesting and settlement of 8,645 shares of common stock as shown above in Table I. The remaining 17,291 restricted stock units are shown in Table II, of which 8,645 and 8,646 are scheduled to vest on February 26, 2016 and February 26, 2017, respectively.
  • [F10]Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting.
  • [F2]Restricted stock units convert into common stock on a one-for-one basis.
  • [F3]Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
  • [F4]As previously reported, on February 26, 2014, the reporting person received a target grant of 25,936 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2014. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance metric was exceeded and 200% of the target grant was awarded; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2015, resulting in the vesting and settlement of 17,290 shares of common stock, as shown in Table I. The remaining 34,582 performance restricted stock units are shown in Table II, of which 17,290 and 17,292 are scheduled to vest on February 26, 2016 and February 26, 2017, respectively.
  • [F5]As previously reported, on February 28, 2013, the reporting person received a grant of 26,711 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 8,903 shares of common stock, as shown in Table I. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock, as shown in Table I. The remaining 8,904 restricted stock units are shown in Table II, which are scheduled to vest on February 28, 2016.
  • [F6]As previously reported, on February 28, 2013, the reporting person received a grant of 26,711 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2013. The performance metric was met; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 8,903 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock, as shown in Table I. The remaining 8,904 performance restricted stock units are shown in Table II, which are scheduled to vest on February 28, 2016.
  • [F7]As previously reported, on February 29, 2012, the reporting person received a grant of 15,000 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2013, resulting in the vesting and settlement of 5,000 shares of common stock. The second anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 5,000 shares of common stock. The third vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 5,000 shares of common stock, as shown in Table I.
  • [F8]All historical share data in this Form 4 have been restated to reflect a one-for-four reverse stock split effective as of October 11, 2012.
  • [F9]As previously reported, on February 29, 2012, the reporting person received a grant of 15,000 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2012. The performance metric was met; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2013, resulting in the vesting and settlement of 5,000 shares of common stock. The second anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 5,000 shares of common stock, as shown in Table I. The third vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 5,000 shares of common stock, as shown in Table I.

Documents

1 file

Issuer

TENET HEALTHCARE CORP

CIK 0000070318

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Entity typeoperating
IncorporatedNV

Related Parties

1
  • filerCIK 0000070318

Filing Metadata

Form type
4
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 6:46 PM ET
Size
41.0 KB
View on SEC.gov