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COMMUNITY HEALTH SYSTEMS INC 4

Accession 0001209191-15-076897

$CYHCIK 0001108109operating
View on SEC.govCompany Profile

Filed

Oct 26, 8:00 PM ET

Accepted

Oct 27, 4:16 PM ET

Size

11.7 KB

Accession

0001209191-15-076897

Insider Transaction Report

Form 4
Period: 2015-10-27
COMMUNITY HEALTH SYSTEMS INCCYH
MILLER DAVID LEWIS
Division President - Group Ops
Transactions
  • Exercise/Conversion

    Stock Options (Right to Buy)

    2015-10-27−8,000→ 0 total
    Exercise: $21.07From: 2013-02-16Exp: 2022-02-15→ Common Stock (8,000 underlying)
  • Exercise/Conversion

    Common Stock

    2015-10-27$21.07/sh+8,000$168,560→ 355,638 total
Holdings

  • Performance Based Restricted

    Exercise: $0.00From: 2016-03-01Exp: 2025-02-28→ Common Stock (50,000 underlying)
    50,000

  • Stock Options (Right to Buy)

    Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (10,000 underlying)
    10,000

  • Performance Based Restricted

    Exercise: $0.00→ Common Stock (66,667 underlying)
    66,667
Footnotes (2)
  • [F1]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 on the remaining portion of the award 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.

Documents

1 file

Issuer

COMMUNITY HEALTH SYSTEMS INC

CIK 0001108109

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001108109

Filing Metadata

Form type
4
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:16 PM ET
Size
11.7 KB
View on SEC.gov