SEC Form 4 · accession 0001071739-17-000069
CENTENE CORP · CNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael F Neidorff
Officer — Chairman, President and CEO · Director
Period of report
Jun 21, 2017
Accepted (ET)
Jul 10, 2017 · 8:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 21, 2017 | G | 10,000 | $0.00 | D | 3,814,083 | D | |
| Common StockF2,F1 | Jul 6, 2017 | S | 35,000 | $80.26 | D | 3,779,083 | D | |
| Common Stock | holding | — | — | — | 3,600 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 200,000 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F5 | $0.00 | holding | — | — | — | Feb 11, 2011 | Feb 11, 2011 | Common Stock | 101,138 | 101,138 | D |
| Common Stock Option (right to buy) | $57.02 | holding | — | — | — | Dec 14, 2019 | Dec 14, 2026 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Ownership includes previous awards of 553,332 restricted stock units subject to vesting requirements.
- F2This sale is pursuant to diversification and in accordance with a 10b5-1 Trading Plan that was established on June 6, 2017. The weighted average price for this transaction is reported within the form. Full information regarding the number of shares at each price is available upon request.
- F3Owned by a grantor retained annuity trust of which Mr. Neidorff is the trustee and beneficiary of the annuity.
- F4Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
- F5The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Neidorff's termination with the Company or on such other date Mr. Neidorff may elect.