4//SEC Filing
Smith Patton Paul 4
Accession 0001209191-18-015680
CIK 0001108109other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:35 PM ET
Size
15.3 KB
Accession
0001209191-18-015680
Insider Transaction Report
Form 4
Smith Patton Paul
Division President
Transactions
- Award
Common Stock
2018-03-01+30,000→ 98,369 total - Tax Payment
Common Stock
2018-03-01$4.58/sh−4,952$22,680→ 93,417 total - Award
Performance Based Restricted
2018-03-01+30,000→ 30,000 totalExercise: $0.00From: 2021-03-01Exp: 2028-02-28→ Common Stock (30,000 underlying)
Holdings
- 1,000
Stock Options (Right to Buy)
Exercise: $30.32From: 2011-02-24Exp: 2020-02-23→ Common Stock (1,000 underlying) - 1,000
Stock Options (Right to Buy)
Exercise: $34.38From: 2012-02-23Exp: 2021-02-22→ Common Stock (1,000 underlying) - 20,000
Performance Based Restricted
Exercise: $0.00From: 2020-03-01Exp: 2027-02-28→ Common Stock (20,000 underlying) - 1,000
Stock Options (Right to Buy)
Exercise: $17.49From: 2013-02-16Exp: 2022-02-15→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]The time-vesting restrictions on this award of restricted stock will lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
- [F2]The vesting of 50% of these performance-based restricted shares is subject to the attainment of a pre-determined level of Cumulative Same-Store Adjusted EBITDA Growth between January 1, 2018 and December 31, 2020 (the "2018-2020 Performance Period"). The vesting of the remaining 50% of these performance-based restricted shares is subject to the attainment of a pre-determined level of Cumulative Same-Store Adjusted EBITDA Margin Improvement for the 2018-2020 Performance Period. The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the target number of performance-based restricted shares subject to the attainment of the Cumulative Same-Store Adjusted EBITDA Growth and Cumulative Same-Store Adjusted EBITDA Margin Improvement criteria, as applicable, will ultimately vest on the third anniversary of the date of grant, with the vesting percentage to be determined based upon achievement with respect to the
- [F3]The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between January 1, 2017 and December 31, 2019 (the "2017-2019 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the target number of performance-based restricted shares subject to the attainment of the applicable performance objectives will ultimately vest on the third anniversary of the date of grant, with the vesting percentage to be determined based upon achievement with respect to the applicable criteria during the 2017-2019 Performance Period.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeother
Related Parties
1- filerCIK 0001665775
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:35 PM ET
- Size
- 15.3 KB