COMMUNITY HEALTH SYSTEMS INC 4
4 · COMMUNITY HEALTH SYSTEMS INC · Filed Mar 2, 2016
Insider Transaction Report
Form 4
Smith Patton Paul
Division President
Transactions
- Tax Payment
Common Stock
2016-03-01$15.43/sh−1,058$16,325→ 17,648 total - Award
Performance Based Restricted
2016-03-01$15.43/sh+35,000$540,050→ 35,000 totalExercise: $0.00From: 2017-03-01Exp: 2026-02-28→ Common Stock (35,000 underlying)
Holdings
- 1,000
Stock Options (Right to Buy)
Exercise: $33.90From: 2011-02-24Exp: 2020-02-23→ Common Stock (1,000 underlying) - 1,000
Stock Options (Right to Buy)
Exercise: $21.07From: 2013-02-16Exp: 2022-02-15→ Common Stock (1,000 underlying) - 1,000
Stock Options (Right to Buy)
Exercise: $37.96From: 2012-02-23Exp: 2021-02-22→ Common Stock (1,000 underlying)
Footnotes (1)
- [F1]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 performance-based restriction; first, the Company must achieve specified targeted amount of adjusted EBITDA or net revenue from continuing operations, and if the performance objective is met, the time-vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the performance objectives are not met, the shares will be forfeited.