4//SEC Filing
TENET HEALTHCARE CORP 4
Accession 0001209191-16-103510
$THCCIK 0000070318operating
Filed
Feb 28, 7:00 PM ET
Accepted
Feb 29, 5:51 PM ET
Size
40.9 KB
Accession
0001209191-16-103510
Insider Transaction Report
Form 4
Reynolds Britt T
Pres. of Hospital Operations
Transactions
- Exercise/Conversion
Common Stock
2016-02-25+9,131→ 60,066 total - Tax Payment
Common Stock
2016-02-25$24.81/sh−2,488$61,727→ 57,578 total - Exercise/Conversion
Common Stock
2016-02-25+15,039→ 72,617 total - Tax Payment
Common Stock
2016-02-25$24.81/sh−4,114$102,068→ 68,503 total - Exercise/Conversion
Common Stock
2016-02-26+8,645→ 77,148 total - Tax Payment
Common Stock
2016-02-26$25.68/sh−2,365$60,733→ 74,783 total - Exercise/Conversion
Common Stock
2016-02-26+17,290→ 92,073 total - Tax Payment
Common Stock
2016-02-26$25.68/sh−6,240$160,243→ 85,833 total - Exercise/Conversion
Common Stock
2016-02-26+8,904→ 94,737 total - Tax Payment
Common Stock
2016-02-26$25.68/sh−3,736$95,940→ 91,001 total - Exercise/Conversion
Common Stock
2016-02-26+8,904→ 99,905 total - Tax Payment
Common Stock
2016-02-26$25.68/sh−3,736$95,940→ 96,169 total - Exercise/Conversion
2015 February Restricted Stock Units
2016-02-25−9,131→ 18,263 total→ Common Stock (9,131 underlying) - Exercise/Conversion
2015 February Performance-Based Restricted Stock Units
2016-02-25−15,039→ 30,080 total→ Common Stock (15,039 underlying) - Exercise/Conversion
2014 February Restricted Stock Units
2016-02-26−8,645→ 8,646 total→ Common Stock (8,645 underlying) - Exercise/Conversion
2014 February Performance-Based Restricted Stock Units
2016-02-26−17,290→ 17,292 total→ Common Stock (17,290 underlying) - Exercise/Conversion
2013 February Restricted Stock Units
2016-02-26−8,904→ 0 total→ Common Stock (8,904 underlying) - Exercise/Conversion
2013 February Performance-Based Restricted Stock Units
2016-02-26−8,904→ 0 total→ Common Stock (8,904 underlying)
Footnotes (9)
- [F1]As previously reported, on February 25, 2015, the reporting person received a grant of 27,394 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 25, 2016, resulting in the vesting and settlement of 9,131 shares of common stock, as shown in Table I. The remaining 18,263 restricted stock units are shown in Table II, of which 9,131 are scheduled to vest on February 25, 2017 and 9,132 are scheduled to vest on February 25, 2018.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- [F4]As previously reported, on February 25, 2015, the reporting person received a target grant of 27,394 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2015. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance metric was exceeded and 164.7% of the target grant was awarded; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 25, 2016, resulting in the vesting and settlement of 15,039 shares of common stock, as shown in Table I. The remaining 30,080 performance restricted stock units are shown in Table II, of which 15,040 are scheduled to vest on each of February 25, 2017 and February 25, 2018.
- [F5]As previously reported, on February 26, 2014, the reporting person received a grant of 25,936 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2015, resulting in the vesting and settlement of 8,645 shares of common stock. The second anniversary occurred on February 26, 2016, resulting in the vesting and settlement of 8,645 shares of common stock, as shown in Table I. The remaining 8,646 restricted stock units are shown in Table II, which are scheduled to vest on February 26, 2017.
- [F6]As previously reported, on February 26, 2014, the reporting person received a target grant of 25,936 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2014. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance metric was exceeded and 200% of the target grant was awarded; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2015 resulting in the vesting and settlement of 17,290 shares of common stock. The second anniversary occurred on February 26, 2016, resulting in the vesting and settlement of 17,290 shares of common stock, as shown in Table I. The remaining 17,292 performance restricted stock units are shown in Table II, which are scheduled to vest on February 26, 2017.
- [F7]As previously reported, on February 28, 2013, the reporting person received a grant of 26,711 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 8,903 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock. The third vesting date occurred on February 26, 2016 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock, as shown in Table I.
- [F8]As previously reported, on February 28, 2013, the reporting person received a target grant of 26,711 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2013. The performance metric was met; therefore, these restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2014 resulting in the vesting and settlement of 8,903 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock. The third vesting date occurred on February 26, 2016 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 8,904 shares of common stock, as shown in Table I.
- [F9]Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting.
Documents
Issuer
TENET HEALTHCARE CORP
CIK 0000070318
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000070318
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Feb 29, 5:51 PM ET
- Size
- 40.9 KB