4//SEC Filing
MOLINA HEALTHCARE INC 4
Accession 0001209191-15-086765
$MOHCIK 0001179929operating
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 9:02 PM ET
Size
12.7 KB
Accession
0001209191-15-086765
Insider Transaction Report
Form 4
MOLINA JOHN C
DirectorCFO10% OwnerOther
Transactions
- Sale
Common Stock
2015-12-21$60.80/sh−20,570$1,250,668→ 601,880 total
Holdings
- 11,154
Common Stock
- 104,921
Common Stock
- 559,983(indirect: By Trust)
Common Stock
- 54,000
Stock Option (Right to Buy)
Exercise: $20.88Exp: 2017-03-01→ Common Stock (54,000 underlying) - 306,905(indirect: By Trust)
Common Stock
MOLINA SIBLINGS TRUST
10% Owner
Transactions
- Sale
Common Stock
2015-12-21$60.80/sh−20,570$1,250,668→ 601,880 total
Holdings
- 11,154
Common Stock
- 54,000
Stock Option (Right to Buy)
Exercise: $20.88Exp: 2017-03-01→ Common Stock (54,000 underlying) - 104,921
Common Stock
- 559,983(indirect: By Trust)
Common Stock
- 306,905(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]Sale pursuant to the Rule 10b5-1 Trading Plan of Mr. Molina.
- [F2]All of these shares are fully vested.
- [F3]14,199 of such shares vest in one-half increments on each of March 1, 2016 and March 1, 2017. 7,099 of such shares vest upon the Company achieving 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, 2016. 17,748 of such shares vest upon the Company achieving a three-year EBITDA margin percentage for the three-year period ending December 31, 2016 equal to or greater than 4.0%. 17,748 of such shares vest upon the Company achieving a cumulative earnings per share of at least $8.50 for the three year period ending December 31, 2016.
- [F4]40,341 shares vest as follows: (i) 4,034 shares vest based on the Company's fiscal year 2016 annual premium revenue achievement; (ii) 4,034 shares vest based on the Company's fiscal year 2016 net profit margin achievement; (iii) 4,034 shares vest based on the Company's pre-tax income in fiscal year 2016; (iv) 4,034 shares vest based on the Company's 2017 annual premium revenue achievement; (v) 4,034 shares vest based on the Company's 2017 net profit margin achievement; (vi) 4,034 shares vest based on pre-tax income in fiscal year 2017; (vii) 4,034 shares vest upon the Company's achieving a three-year TSR for the three-year period ending December 31, 2017 as determined by ISS calculations that is greater than the median TSR achieved by the Company's 2015 ISS peer group; and (viii) 12,103 shares shall vest in one-third increments over three years, on each of April 1, 2016, April 1, 2017, and April 1, 2018. See 2015 Definitive Proxy Statement.
- [F5]The shares are owned by the Molina Siblings Trust, of which Mr. Molina is the trustee and certain immediate family members of Mr. Molina are the beneficiaries.
- [F6]The shares are owned by the John C. Molina Separate Property Trust, of which Mr. Molina is the trustee and beneficiary.
- [F7]The shares are owned by Mr. Molina and his spouse as community property.
- [F8]The options are fully vested.
Documents
Issuer
MOLINA HEALTHCARE INC
CIK 0001179929
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001179929
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 9:02 PM ET
- Size
- 12.7 KB