Bush John Ellis 4
4 · TENET HEALTHCARE CORP · Filed May 8, 2013
Insider Transaction Report
Form 4
Bush John Ellis
Director
Transactions
- Exercise/Conversion
Common Stock
2013-05-06+5,825→ 48,117 total - Disposition to Issuer
Common Stock
2013-05-06$47.00/sh−2,913$136,911→ 45,204 total - Exercise/Conversion
2010 May Director Stock Units
2013-05-06−5,825→ 0 total→ Common Stock (5,825 underlying) - Award
2013 May Director Stock Units
2013-05-06+3,618→ 3,618 total→ Common Stock (3,618 underlying)
Footnotes (6)
- [F1]All historical share data in this Form 4 have been restated to reflect a one-for-four reverse stock split effective as of October 11, 2012.
- [F2]Scheduled conversion of previously reported 2010 May Director Stock Units on the third anniversary of the date of grant. In accordance with the terms of the award, the reporting person settled half of the Stock Units for shares of the Company's common stock and half for cash. The cash settlement did not involve a market transaction and is reported as a deemed disposition of stock to the issuer pursuant to Rule 16b-3. The grants were made under the Company's 2008 Stock Incentive Plan.
- [F3]These Stock Units were awarded under the Company's Stock Incentive Plan.
- [F4]Each Stock Unit is the economic equivalent of one share of the Company's common stock.
- [F5]The 2010 May Director Stock Units vested on the date of grant and were settled on the third anniversary of the date of grant in accordance with the terms of the Company's 2008 Stock Incentive Plan. The reporting person settled half of the Stock Units for shares of the Company's common stock and half for cash.
- [F6]These Stock Units vested immediately on the grant date. The Stock Units will be settled on the third anniversary of the date of grant or upon termination of service (unless settlement has been deferred). The Stock Units may be settled in cash, stock or a combination of cash and stock.