Fordham Benjamin C 4
4 · COMMUNITY HEALTH SYSTEMS INC · Filed Aug 14, 2018
Insider Transaction Report
Form 4
Fordham Benjamin C
EVP and General Counsel
Transactions
- Purchase
Common Stock
2018-08-14$3.16/sh+10,000$31,560→ 120,629 total
Holdings
- 20,000
Performance Based Restricted
Exercise: $0.00From: 2020-03-01Exp: 2027-02-28→ Common Stock (20,000 underlying) - 35,000
Performance Based Restricted
Exercise: $0.00From: 2021-03-01Exp: 2028-02-28→ Common Stock (35,000 underlying)
Footnotes (3)
- [F1]These shares were purchased in a series of transactions at a weighted average sales price of approximately $3.156 per share.
- [F2]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.
- [F3]The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between January 1, 2018 and December 31, 2020 (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 applicable performance measures 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 2018-2020 Performance Period.