4//SEC Filing
COMMUNITY HEALTH SYSTEMS INC 4
Accession 0001209191-17-016558
$CYHCIK 0001108109operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:19 PM ET
Size
19.0 KB
Accession
0001209191-17-016558
Insider Transaction Report
Form 4
PORTACCI MICHAEL T
Division President, Group Ops
Transactions
- Exercise/Conversion
Performance Based Restricted
2017-03-01−35,000→ 0 totalExercise: $0.00From: 2017-03-01Exp: 2026-02-28→ Common Stock (35,000 underlying) - Award
Performance Based Restricted
2017-03-01+20,000→ 20,000 totalExercise: $0.00From: 2020-03-01Exp: 2027-02-28→ Common Stock (20,000 underlying) - Award
Common Stock
2017-03-01+20,000→ 89,841 total - Exercise/Conversion
Common Stock
2017-03-01+35,000→ 124,841 total - Tax Payment
Common Stock
2017-03-01$9.19/sh−14,685$134,955→ 110,156 total
Holdings
- 10,000
Stock Options (Right to Buy)
Exercise: $34.38From: 2012-02-23Exp: 2021-02-22→ Common Stock (10,000 underlying) - 20,000
Stock Options (Right to Buy)
Exercise: $28.70From: 2009-02-27Exp: 2018-02-26→ Common Stock (20,000 underlying) - 10,000
Stock Options (Right to Buy)
Exercise: $30.32From: 2011-02-24Exp: 2020-02-23→ Common Stock (10,000 underlying) - 2,667
Stock Options (Right to Buy)
Exercise: $17.49From: 2013-02-16Exp: 2022-02-15→ Common Stock (2,667 underlying)
Footnotes (3)
- [F1]The time-vesting restrictions on this award of restricted stock will lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
- [F2]The performance objectives governing these shares of Performance Based Restricted Stock have been met, and, accordingly, these shares will now be reported in Table 1 as directly owned shares of Restricted Stock. The time-vesting restrictions lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
- [F3]The vesting of 80% of these performance-based restricted shares is subject to the attainment of a pre-determined level of Cumulative Same-Store Adjusted EBITDA Growth between January 1, 2017 and December 31, 2019 (the "Performance Period"). The vesting of the remaining 20% of these performance-based restricted shares is subject to the attainment of a pre-determined level of Cumulative Adjusted EPS for the Performance Period. The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the target number of performance-based restricted shares subject to the attainment of the Cumulative Same-Store Adjusted EBITDA Growth and Cumulative Adjusted EPS criteria, as applicable, will ultimately vest on the third anniversary of the date of grant, with the vesting percentage to be determined based upon achievement with respect to the applicable criteria during the Performance Period.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001108109
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:19 PM ET
- Size
- 19.0 KB