4//SEC Filing
MOLINA HEALTHCARE INC 4
Accession 0001209191-15-021551
$MOHCIK 0001179929operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:30 PM ET
Size
16.5 KB
Accession
0001209191-15-021551
Insider Transaction Report
Form 4
MOLINA JOHN C
DirectorCFO10% OwnerOther
Transactions
- Tax Payment
Common Stock
2015-03-01$63.69/sh−2,871$182,854→ 95,036 total - Tax Payment
Common Stock
2015-03-01$63.69/sh−2,850$181,517→ 102,136 total - Tax Payment
Common Stock
2015-03-01$63.69/sh−3,639$231,768→ 87,937 total
Holdings
- 1,314,840(indirect: By Trust)
Common Stock
- 358,396(indirect: By Trust)
Common Stock
- 11,154
Common Stock
- 54,000
Stock Option (Right to Buy)
Exercise: $20.88Exp: 2017-03-01→ Common Stock (54,000 underlying) - 666,623
Common Stock
MOLINA SIBLINGS TRUST
10% Owner
Transactions
- Tax Payment
Common Stock
2015-03-01$63.69/sh−2,850$181,517→ 102,136 total - Tax Payment
Common Stock
2015-03-01$63.69/sh−2,871$182,854→ 95,036 total - Tax Payment
Common Stock
2015-03-01$63.69/sh−3,639$231,768→ 87,937 total
Holdings
- 11,154
Common Stock
- 666,623
Common Stock
- 1,314,840(indirect: By Trust)
Common Stock
- 358,396(indirect: By Trust)
Common Stock
- 54,000
Stock Option (Right to Buy)
Exercise: $20.88Exp: 2017-03-01→ Common Stock (54,000 underlying)
Footnotes (11)
- [F1]The shares were applied to the payment of withholding taxes arising in connection with the vesting of 7,786 shares on March 1, 2015.
- [F10]The shares are owned by Mr. Molina and his spouse as community property.
- [F11]The options are fully vested.
- [F2]Represents the closing price of the Issuer's common stock on March 1, 2015.
- [F3]23,357 shares shall vest upon the Company achieving total revenue in any of the 2013, 2014, or 2015 fiscal years equal to or greater than $12 billion; and 7,786 shares vest on March 1, 2016.
- [F4]14,199 of such shares vest in one-half increments on each of March 1, 2016 and March 1, 2017. 7,099 of such shares vest upon the Company achieving three-year Total Stockholder Return (TSR) as determined by ISS calculations that is greater than the median TSR achieved by the Company's ISS peer group for the three-year period ending December 31, 2016. 17,748 of such shares vest upon the Company achieving a three-year EBITDA margin percentage for the three-year period ending December 31, 2016 equal to or greater than 4.0%. 17,748 of such shares vest upon the Company achieving a cumulative earnings per share of at least $8.50 for the three year period ending December 31, 2016.
- [F5]The shares were applied to the payment of withholding taxes arising in connection with the vesting of 7,100 shares on March 1, 2015.
- [F6]The shares were applied to the payment of withholding taxes arising in connection with the vesting of 7,099 shares on March 1, 2015. The shares that vested on March 1, 2015 include the shares that were subject to vesting on March 1, 2015 contingent upon the Company achieving a one-year Total Stockholder Return as determined by ISS calculations for fiscal year 2014 that is greater than the average Total Stockholder Return achieved by Centene Corporation and WellCare Group for their fiscal year ending December 31, 2014. The Company's achievement of such Total Stockholder Return was certified by the compensation committee on February 24, 2015.
- [F7]All of these shares are fully vested. Includes shares that vested on March 1, 2015, less the number of shares applied to the payment of withholding taxes.
- [F8]The shares are owned by the Molina Siblings Trust, of which Mr. Molina is the trustee and certain immediate family members of Mr. Molina are the beneficiaries.
- [F9]The shares are owned by the John C. Molina Separate Property Trust, of which Mr. Molina is the trustee and beneficiary.
Documents
Issuer
MOLINA HEALTHCARE INC
CIK 0001179929
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001179929
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:30 PM ET
- Size
- 16.5 KB