SEC Form 4 · accession 0001127602-15-017050
TEAM HEALTH HOLDINGS INC. · TMH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H. Lynn Massingale
Officer — Executive Chairman · Director
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 10:35 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082754
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 11, 2015 | M | 12,500 | $22.09 | A | 126,085 | I | See Footnote |
| Common StockF3,F2 | May 11, 2015 | S | 19,949 | $59.1539 | D | 106,136 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4,F5 | $22.09 | May 11, 2015 | M | 12,500 | D | — | May 18, 2022 | Common Stock | 12,500 | 37,500 | D |
Explanation of responses
- F1These shares were acquired upon the exercise of stock options pursuant to a 10b5-1 plan entered into between the shareholder and Morgan Stanley Smith Barney dated March 31, 2015.
- F2These shares are held by The H. Lynn Massingale Trust, of which the Reporting Person is the trustee and sole vested beneficiary.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.00 to $59.30, inclusive. The reporting person undertakes to provide to Team Health Holdings, Inc., any security holder of Team Health Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F4These stock options were exercised pursuant to a 10b5-1 plan between the shareholder and Morgan Stanley Smith Barney dated March 31, 2015.
- F5The stock options are vested and exercisable with respect to 50% of the underlying shares and shall vest and become exercisable with respect to 50% of the remaining shares covered by the stock options on each of the third and fourth anniversaries of the May 18, 2012 grant date.