Leenay Mark 4

4 · WELLCARE HEALTH PLANS, INC. · Filed Jan 2, 2020

Form 4

Period: 2019-12-30

EVP, Chief Medical Officer

Transactions

Award
Common Stock
[F1]
2019-12-30+3,419→ 7,242 total
Exercise/Conversion
Common Stock
[F2]
2019-12-30+217→ 7,459 total
Exercise/Conversion
Common Stock
[F3]
2019-12-30+223→ 7,682 total
Tax Payment
Common Stock
[F4]
2019-12-30$330.76/sh−1,622$536,493→ 6,060 total
Exercise/Conversion
Restricted Stock Units
[F5][F2][F6]
2019-12-30−217→ 0 total
→ Common Stock (217 underlying)
Exercise/Conversion
Restricted Stock Units
[F5][F3][F6]
2019-12-30−223→ 224 total
→ Common Stock (223 underlying)

Footnotes (6)

[F1]Relates to performance stock unit ("PSU") awards granted to the Reporting Person on 3/22/17. The Compensation Committee certified PSU awards would vest and settle based on a net income margin goal for the year ended 12/31/19 achieved at 200% of target, or 1,298 shares. The Compensation Committee certified the PSU awards would vest and settle based on a relative total shareholder return goal for the three years ended 12/31/19 achieved at 200% of target, or 1,076 shares. The Compensation Committee certified the PSU awards would vest and settle based on a quality improvement goal for the three years ended 12/31/19 achieved at 161% of target, or 1,045 shares. Vesting and settlement of the PSUs were accelerated to 12/30/19.
[F2]Vesting of restricted stock units granted to the Reporting Person on 3/22/17 for which vesting and settlement were accelerated to 12/30/19.
[F3]Vesting of restricted stock units granted to the Reporting Person on 3/19/18 for which vesting and settlement were accelerated to 12/30/19.
[F4]Forfeiture of shares to satisfy tax obligations related to stock units for which vesting and settlement were accelerated to 12/30/19.
[F5]Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
[F6]Vesting and settlement of the restricted stock units were accelerated to 12/30/19.

Signature

/s/ Michael Haber, attorney-in-fact|2020-01-02

Documents

1 file