SEC Form 4 · accession 0001209191-16-101273
KINDRED HEALTHCARE, INC · KND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Causby
Officer — EVP & Pres., Kindred at Home
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 1:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060009
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2016 | M | 31,459 | — | A | 115,052 | D | |
| Common Stock | Feb 19, 2016 | F | 10,689 | $8.96 | D | 104,363 | D | |
| Common Stock | Feb 19, 2016 | F | 2,384 | $8.96 | D | 101,979 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 19, 2016 | M | 9,664 | D | — | — | Common Stock | 9,664 | 6,484 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 19, 2016 | M | 21,795 | D | — | — | Common Stock | 21,795 | 35,256 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On February 2, 2015, pursuant to his Employment Agreement, the reporting person was granted 25,812 restricted stock units, vesting as follows: 9,664 on February 19, 2015; 9,664 on February 19, 2016 and 6,484 on February 19, 2017. Pursuant to his Employment Agreement, these units are subject to full vesting in the event Mr. Causby's employment is terminated (i) by the Issuer for any reason, (ii) by Mr. Causby for Good Reason (as defined in his Employment Agreement), or (iii) by reason of Mr. Causby's death or disability ("Special Termination Vesting").
- F3On February 2, 2015, pursuant to his Employment Agreement, the reporting person was granted 57,051 restricted stock units, vesting as follows: 21,795 on February 19, 2016 and 35,256 on February 19, 2017. Pursuant to his Employment Agreement, these units are subject to Special Termination Vesting.