4//SEC Filing
COMMUNITY HEALTH SYSTEMS INC 4
Accession 0001209191-15-020489
$CYHCIK 0001108109operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:16 PM ET
Size
22.3 KB
Accession
0001209191-15-020489
Insider Transaction Report
Form 4
HUSSEY WILLIAM S
Division President - Group Ops
Transactions
- Award
Performance Based Restricted
2015-03-01+35,000→ 35,000 totalExercise: $0.00From: 2016-03-01Exp: 2025-02-28→ Common Stock (35,000 underlying) - Tax Payment
Common Stock
2015-03-01$48.52/sh−6,293$305,336→ 131,973 total - Exercise/Conversion
Common Stock
2015-03-01+25,000→ 131,600 total - Exercise/Conversion
Performance Based Restricted
2015-03-01−6,666→ 13,334 totalExercise: $0.00→ Common Stock (6,667 underlying) - Tax Payment
Common Stock
2015-02-27$48.52/sh−3,496$169,626→ 106,600 total - Exercise/Conversion
Common Stock
2015-03-01+6,666→ 138,266 total - Exercise/Conversion
Performance Based Restricted
2015-03-01−25,000→ 0 totalExercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (25,000 underlying)
Holdings
- 10,000
Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (10,000 underlying) - 6,000(indirect: By Trust)
Common Stock
- 10,000
Stock Options (Right to Buy)
Exercise: $33.90From: 2011-02-24Exp: 2020-02-23→ Common Stock (10,000 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]The performance objectives governing these shares of Performance Based Restricted Stock have been met, and, accordingly, these shares will now be reported in Table 1 as directly owned shares of Restricted Stock. The restrictions lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
- [F2]Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The Company has achieved the cost savings ("synergies") from the Health Management Associates, Inc. ("HMA") merger transaction that were required to be achieved during the first year following the merger transaction, and, accordingly, 1/3 of the performance based restricted shares awarded in conjunction with the completion of the HMA merger transaction will now be reported on Table 1 as directly owned shares. The restrictions on such shares have lapsed. The remaining 2/3 of the performance based restricted shares awarded in conjunction with the completion of the HMA merger transaction will remain subject to the two-year performance target, which may be met in whole or in part in the second year following the grant. 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.
- [F3]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.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001108109
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:16 PM ET
- Size
- 22.3 KB