SEC Form 4 · accession 0001209191-15-021305
COMMUNITY HEALTH SYSTEMS INC · CYH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Hammons
Officer — Senior VP and CAO
Period of report
Mar 2, 2015
Accepted (ET)
Mar 3, 2015 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108109
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | M | 8,000 | $40.41 | A | 64,841 | D | |
| Common StockF1 | Mar 2, 2015 | S | 8,000 | $50.0481 | D | 56,841 | D | |
| Common Stock | Mar 3, 2015 | S | 10,640 | $49.40 | D | 46,201 | D |
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) | $40.41 | Mar 2, 2015 | M | 8,000 | D | Jul 25, 2008 | Jul 24, 2015 | Common Stock | 8,000 | 0 | D |
| Stock Options (Right to Buy) | $32.28 | holding | — | — | — | Feb 27, 2009 | Feb 26, 2018 | Common Stock | 1,500 | 1,500 | D |
| Stock Options (Right to Buy) | $33.90 | holding | — | — | — | Feb 24, 2011 | Feb 23, 2020 | Common Stock | 1,000 | 1,000 | D |
| Stock Options (Right to Buy) | $37.96 | holding | — | — | — | Feb 23, 2012 | Feb 22, 2021 | Common Stock | 1,000 | 1,000 | D |
| Stock Options (Right to Buy) | $21.07 | holding | — | — | — | Feb 16, 2013 | Feb 15, 2022 | Common Stock | 4,000 | 4,000 | D |
| Performance Based RestrictedF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 13,333 | 13,334 | D |
Explanation of responses
- F1These shares were sold in a series of transactions at an average sales price of $50.0481 per share.
- F2Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The award was granted on 03/01/14. The performance target on the remaining portion of the award may be met in whole or in part in the second year following the grant. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.