4//SEC Filing
BAYER TERRY 4
Accession 0001179929-18-000028
CIK 0001179929other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 6:50 PM ET
Size
10.5 KB
Accession
0001179929-18-000028
Insider Transaction Report
Form 4
BAYER TERRY
Chief Operating Officer
Transactions
- Sale
Common Stock
2018-01-22$91.63/sh−2,804$256,931→ 67,287.5 total - Tax Payment
Common Stock
2018-01-19$91.83/sh−1,088$99,911→ 70,091.5 total
Footnotes (6)
- [F1]The shares were withheld for payment of taxes with respect to vesting of 2,865 shares on January 19, 2018, upon the Company achieving a three-year Total Stockholder Return (TSR) as determined by ISS calculations that is greater than the median TSR achieved by the Company's ISS peer group for the three-year period ending December 31, 2017.
- [F2]Represents the closing price of the Issuer's common stock on January 19, 2018.
- [F3]The sale was made pursuant to Reporting Person's Rule 10b5-1 Trading Plan that was established on December 13, 2017.
- [F4]Represents the actual selling price for all 2,804 shares.
- [F5]The shares vest as follows: (i) 16,033 shares shall vest in one-third increments over three years, on each of March 1, 2018, March 1, 2019, and March 1, 2020; (ii) 5,154 shares shall vest based on the Company's 2017 after tax profit margin; (iii) 5,154 shares shall vest based on the Company's 2018 after tax profit margin; (iv) 5,154 shares shall vest based upon the Company's 2017 STARS ratings; (v) 7,731 shares shall vest upon the Company's achievement of certain business development targets; (vi) 10,309 shares shall vest in two increments on each of March 7, 2018 and March 7, 2019; continued
- [F6](vii) 2,865 shares shall vest based on the Company's 2017 annual premium revenue achievement; (viii) 2,865 shares shall vest based on the Company's 2017 net profit margin achievement; (ix) 2,865 shares shall vest based on pre-tax income in fiscal year 2017; (x) 2,866 shares shall vest on April 1, 2018; the remainder of the shares are vested.
Issuer
MOLINA HEALTHCARE INC
CIK 0001179929
Entity typeother
Related Parties
1- filerCIK 0001305822
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 6:50 PM ET
- Size
- 10.5 KB