4//SEC Filing
PITTS KEITH B 4
Accession 0001209191-19-018643
CIK 0000070318other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 8:38 PM ET
Size
15.8 KB
Accession
0001209191-19-018643
Insider Transaction Report
Form 4
PITTS KEITH B
Vice Chairman
Transactions
- Exercise/Conversion
2016 March Restricted Stock Units
2019-03-08−20,393→ 0 total→ Common Stock (20,393 underlying) - Exercise/Conversion
Common Stock
2019-03-08+20,393→ 284,723 total - Exercise/Conversion
Common Stock
2019-03-08+25,817→ 302,515 total - Tax Payment
Common Stock
2019-03-08$27.17/sh−8,025$218,039→ 276,698 total - Tax Payment
Common Stock
2019-03-08$27.17/sh−10,159$276,020→ 292,356 total - Exercise/Conversion
2016 March Performance-Based Restricted Stock Units
2019-03-08−25,817→ 0 total→ Common Stock (25,817 underlying)
Footnotes (5)
- [F1]As previously reported, on March 10, 2016, the reporting person received a grant of 61,177 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on March 10, 2017, resulting in the settlement of 20,392 shares of common stock. The second vesting date occurred on March 9, 2018 (the business day prior to the anniversary date, which fell on a weekend), resulting in the settlement of 20,392 shares of common stock. The third vesting date occurred on March 8, 2019 (the business day prior to the anniversary date, which fell on a weekend), resulting in the settlement of the remaining 20,393 shares of common stock, as shown in Table I.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- [F4]As previously reported, on March 10, 2016, the reporting person received a target grant of 61,177 performance-based restricted stock units that were subject to the Company's achievement of specified performance goals for the three year period that ended on December 31, 2018. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance goals were achieved in part, and 42.2% of the target grant was awarded; therefore, 25,817 restricted stock units vested on March 8, 2019 (the business day prior to the third anniversary of the date of grant, which fell on a weekend), resulting in the settlement of 25,817 shares of common stock, as shown in Table I.
- [F5]Restricted stock units are settled in shares of the Company's common stock upon vesting.
Documents
Issuer
TENET HEALTHCARE CORP
CIK 0000070318
Entity typeother
Related Parties
1- filerCIK 0001055066
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 8:38 PM ET
- Size
- 15.8 KB