FISH ROBERT H 4
4 · Quorum Health Corp · Filed Sep 28, 2018
Insider Transaction Report
Form 4
FISH ROBERT H
Interim President and CEO
Transactions
- Other
Common stock, par value $0.0001 per share
2018-09-27−500,000→ 0 total - Award
Common stock, par value $0.0001 per share
2018-09-27+500,000→ 500,000 total
Footnotes (2)
- [F1]On September 27, 2018, Quorum Health Corporation (the "Issuer") and the reporting person entered into an Acknowledgement of Award Cancellation cancelling the August 24, 2018 award of 500,000 shares of the Issuer's restricted common stock because it was issued in excess of the limitations under the Issuer's 2016 Stock Award Plan. Thereafter, the Issuer re-granted to the reporting person 500,000 shares of restricted common stock as an inducement award outside the Issuer's 2016 Stock Award Plan in reliance on the employment inducement exemption to shareholder approval provided under the New York Stock Exchange's Listed Company Manual Rule 303A.08.
- [F2]50% of the award is time-based restricted stock and vests in one-third increments on each of the first three anniversaries of May 21, 2018. 50% of the award is performance-based restricted stock with both performance and time vesting components.