COMMUNITY HEALTH SYSTEMS INC 4
4 · COMMUNITY HEALTH SYSTEMS INC · Filed Mar 2, 2015
Insider Transaction Report
Form 4
SEIFERT RACHEL A
Senior VP and Secretary
Transactions
- Exercise/Conversion
Common Stock
2015-03-01+16,666→ 173,999 total - 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−11,886$576,709→ 162,113 total - Tax Payment
Common Stock
2015-02-27$48.52/sh−3,496$169,626→ 157,333 total - Exercise/Conversion
Performance Based Restricted
2015-03-01−16,666→ 33,334 totalExercise: $0.00→ Common Stock (16,666 underlying)
Holdings
- 7,500
Stock Options (Right to Buy)
Exercise: $33.90From: 2011-02-24Exp: 2020-02-23→ 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) - 7,500
Stock Options (Right to Buy)
Exercise: $18.18From: 2010-02-25Exp: 2019-02-24→ Common Stock (7,500 underlying) - 7,500
Stock Options (Right to Buy)
Exercise: $21.07From: 2013-02-16Exp: 2022-02-15→ Common Stock (7,500 underlying) - 7,500
Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]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.
- [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.