COMMUNITY HEALTH SYSTEMS INC 4

Accession 0001209191-15-020496

$CYHCIK 0001108109operating

Filed

Mar 1, 7:00 PM ET

Accepted

Mar 2, 7:20 PM ET

Size

27.6 KB

Accession

0001209191-15-020496

Form 4

Period: 2015-02-27

Division President, Group Ops

Transactions

Exercise/Conversion
Common Stock
2015-03-01+25,000→ 57,714 total
Tax Payment
Common Stock
2015-03-01$48.52/sh−4,895$237,505→ 56,152 total
Exercise/Conversion
Performance Based Restricted
2015-03-01−25,000→ 0 total
Exercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (25,000 underlying)
Exercise/Conversion
Performance Based Restricted
2015-03-01−3,333→ 6,667 total
Exercise: $0.00From: 2015-03-01Exp: 2024-02-29→ Common Stock (3,333 underlying)
Exercise/Conversion
Common Stock
2015-02-27$40.41/sh+50,000$2,020,500→ 86,210 total
Sale
Common Stock
2015-02-27$48.56/sh−50,000$2,428,005→ 36,210 total
Tax Payment
Common Stock
2015-02-27$48.52/sh−3,496$169,626→ 32,714 total
Exercise/Conversion
Common Stock
2015-03-01+3,333→ 61,047 total
Award
Performance Based Restricted
2015-03-01+35,000→ 35,000 total
Exercise: $0.00From: 2016-03-01Exp: 2025-02-28→ Common Stock (35,000 underlying)
Exercise/Conversion
Stock Options (Right to Buy)
2015-02-27−50,000→ 0 total
Exercise: $40.41From: 2008-07-25Exp: 2015-07-24→ Common Stock (50,000 underlying)

Holdings

Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (10,000 underlying)
10,000
Stock Options (Right to Buy)
Exercise: $32.28From: 2009-02-27Exp: 2018-02-26→ Common Stock (20,000 underlying)
20,000
Stock Options (Right to Buy)
Exercise: $21.07From: 2013-02-16Exp: 2022-02-15→ Common Stock (2,667 underlying)
2,667
Stock Options (Right to Buy)
Exercise: $33.90From: 2011-02-24Exp: 2020-02-23→ Common Stock (10,000 underlying)
10,000

Footnotes (3)

[F1]The shares were sold in a series of transactions at a weighted average price of $48.5601 per share.
[F2]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.
[F3]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.

Documents

1 file

COMMUNITY HEALTH SYSTEMS INC

CIK 0001108109

Entity typeoperating

IncorporatedDE