4//SEC Filing
PITTS KEITH B 4
Accession 0001209191-19-047550
CIK 0000070318other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 5:00 PM ET
Size
13.8 KB
Accession
0001209191-19-047550
Insider Transaction Report
Form 4
PITTS KEITH B
Vice Chairman
Transactions
- Exercise/Conversion
2014 August Performance-Based Restricted Stock Units
2019-08-23−56,713→ 0 total→ Common Stock (56,713 underlying) - Exercise/Conversion
Common Stock
2019-08-23+16,694→ 309,050 total - Exercise/Conversion
Common Stock
2019-08-23+56,713→ 365,763 total - Tax Payment
Common Stock
2019-08-23$20.74/sh−28,886$599,096→ 336,877 total - Exercise/Conversion
2014 August Restricted Stock Units
2019-08-23−16,694→ 0 total→ Common Stock (16,694 underlying)
Footnotes (5)
- [F1]As previously reported, on 8/25/14, the reporting person received a grant of 16,694 time-based restricted stock units that vest in their entirety on the fifth anniversary of the date of grant. The fifth anniversary occurred on 8/23/19 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 16,694 shares of common stock, as shown in Table I.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]On 8/25/14, the reporting person received a target grant of 33,390 performance-based restricted stock units, scheduled to vest on the fifth anniversary of the date of grant subject to the Company's attainment of specified performance goals and the level of achievement thereof. The performance goals were exceeded, and the award was certified at a payout of 56,713 units. The fifth anniversary occurred on 8/23/19 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 56,713 shares of common stock, as shown in Table I.
- [F4]Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- [F5]Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting.
Documents
Issuer
TENET HEALTHCARE CORP
CIK 0000070318
Entity typeother
Related Parties
1- filerCIK 0001055066
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 5:00 PM ET
- Size
- 13.8 KB