Hargreaves Glenn 4
4 · Quorum Health Corp · Filed Sep 28, 2018
Insider Transaction Report
Form 4
Hargreaves Glenn
SVP & Chief Accounting Officer
Transactions
- Other
Common stock, par value $0.0001 per share
2018-09-27−75,000→ 0 total - Award
Common stock, par value $0.0001 per share
2018-09-27+75,000→ 75,000 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 75,000 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 75,000 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-vested restricted stock and vests in three equal installments beginning on the first anniversary of August 24, 2018, and 50% of the award is performance-based restricted common stock and vests, if at all, over a two-year performance period based on the achievement of target metrics.