4//SEC Filing
COMMUNITY HEALTH SYSTEMS INC 4
Accession 0001209191-15-050564
$CYHCIK 0001108109operating
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:08 PM ET
Size
17.4 KB
Accession
0001209191-15-050564
Insider Transaction Report
Form 4
Smith Martin Dewayne
Division Pres.; Division Ops
Transactions
- Sale
Common Stock
2015-06-03$54.81/sh−8,000$438,498→ 94,111 total - Exercise/Conversion
Common Stock
2015-06-03$40.41/sh+8,000$323,280→ 102,111 total - Exercise/Conversion
Stock Options (Right to Buy)
2015-06-03−8,000→ 0 totalExercise: $40.41From: 2008-07-25Exp: 2015-07-24→ Common Stock (8,000 underlying)
Holdings
- 1,500
Stock Options (Right to Buy)
Exercise: $32.28From: 2009-02-27Exp: 2018-02-26→ Common Stock (1,500 underlying) - 10,000
Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ 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) - 6,667
Performance Based Restricted
Exercise: $0.00→ Common Stock (6,667 underlying) - 10,000
Stock Options (Right to Buy)
Exercise: $33.90From: 2011-02-24Exp: 2020-02-23→ Common Stock (10,000 underlying) - 35,000
Performance Based Restricted
Exercise: $0.00From: 2016-03-01Exp: 2025-02-28→ Common Stock (35,000 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.81 to $54.83, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F2]Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The performance target 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
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:08 PM ET
- Size
- 17.4 KB