Grooms John Michael 4
4 · LEGACY LIFEPOINT HEALTH, INC. · Filed Nov 20, 2018
Insider Transaction Report
Form 4
Grooms John Michael
VP & Chief Accounting Officer
Transactions
- Disposition to Issuer
Common
2018-11-16−1,731→ 0 total - Disposition to Issuer
Restricted Stock Units
2018-11-16−5,631→ 0 totalExercise: $0.00→ Common (5,631 underlying) - Disposition to Issuer
Non-Qualified Stock Options (Right to buy)
2018-11-16−5,803→ 0 totalExercise: $64.50Exp: 2027-02-28→ Common (5,803 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger between the Issuer, RegionalCare Hospital Partners Holdings, Inc. d/b/a RCCH HealthCare Partners, and Legend Merger Sub, Inc. (the "Merger Agreement"), each share of Common Stock issued and outstanding immediately prior to the effective time of the merger was canceled and converted into the right to receive $65.00 in cash, without interest.
- [F2]Pursuant to the terms of the Merger Agreement, each outstanding option, whether vested or unvested, became fully vested as of the effective time of the merger, and was canceled and converted into the right to receive an amount in cash, without interest and less any applicable withholding taxes, determined by multiplying the excess, if any, of the merger consideration of $65.00 per share over the applicable exercise price per share of such option by the number of shares of common stock subject to such option, or if there was no such excess was canceled without consideration.
- [F3]Pursuant to the terms of the Merger Agreement, each outstanding restricted stock unit, whether vested or unvested, became fully vested as of the effective time of the merger, and was canceled and converted into the right to receive an amount in cash, without interest and less any applicable withholding taxes, equal to the merger consideration of $65.00 per share multiplied by the number of shares of common stock subject to such restricted stock unit award.