4//SEC Filing
Adams Gabrielle B. 4
Accession 0001567619-20-006099
CIK 0000722723other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 4:51 PM ET
Size
13.9 KB
Accession
0001567619-20-006099
Insider Transaction Report
Form 4
HANGER, INC.HGR
Adams Gabrielle B.
Vice President Accounting
Transactions
- Award
Common Stock
2020-03-09+4,215→ 47,649 total - Tax Payment
Common Stock
2020-03-09$21.95/sh−2,359$51,780→ 45,290 total - Tax Payment
Common Stock
2020-03-09$20.55/sh−986$20,262→ 44,304 total
Holdings
- 20,938
Stock Options (right to buy)
Exercise: $12.77Exp: 2027-05-19→ Common Stock (20,938 underlying) - 12,375
Performance Share Units
Exp: 2020-05-19→ Common Stock (12,375 underlying)
Footnotes (8)
- [F1]Represents a grant of time-based restricted stock under the Company's 2019 Omnibus Incentive Plan ("Plan"), which vests to the extent of 25% annually beginning on the first anniversary date of the grant and cumulatively vests to the extent of 25% each year thereafter. The restricted stock being reported does not include the contingent right of the reporting person to receive up to 4,215 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2020.
- [F2]Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- [F3]Includes (i) unvested restricted shares totaling 4,215 shares of stock from an initial grant of 4,215 shares of restricted stock that begins to vest on March 9, 2021; (ii) unvested restricted shares and fully vested shares totaling 3,475 shares of stock from an initial grant of 3,854 shares of restricted stock made on March 8, 2019; (iii) unvested restricted shares and fully vested shares totaling 4,118 shares of stock from an initial grant of 4,567 shares of restricted stock made on March 8, 2019; (iv) unvested restricted shares and fully vested shares totaling 3,617 shares of stock from an initial grant of 4,435 shares of restricted stock made on March 8, 2019; (v) unvested restricted shares and fully vested shares totaling 4,546 shares of stock from an initial grant of 5,574 shares of restricted stock made on March 9, 2018; [continued in next footnote]
- [F4](vi) unvested restricted shares and fully vested shares totaling 6,483 shares of stock from an initial grant of 7,950 shares of restricted stock made on March 8, 2017; (vii) unvested restricted shares and fully vested shares totaling 2,742 shares of stock from an initial grant of 3,000 shares of restricted stock made on October 11, 2016; (viii) unvested restricted shares and fully vested shares totaling 6,233 shares of stock from an initial grant of 7,750 shares of restricted stock made on April 29, 2016; [continued in next footnote]
- [F5](ix) fully vested shares which total 3,020 shares of stock from an initial grant of 3,305 shares of restricted stock made on November 10, 2015; (x) fully vested shares which total 2,037 shares of stock from an initial grant of 2,229 shares of restricted stock made on September 8, 2015; and (xi) fully vested shares which total 3,818 shares of stock from an initial grant of 4,239 shares of restricted stock made on March 6, 2015.
- [F6]Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.
- [F7]Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
- [F8]Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.
Documents
Issuer
HANGER, INC.
CIK 0000722723
Entity typeother
Related Parties
1- filerCIK 0001651089
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 4:51 PM ET
- Size
- 13.9 KB