SEC Form 4 · accession 0001677229-16-000004
COMMUNITY HEALTH SYSTEMS INC · CYH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Shanda Media LTD
10% Owner
SHANDA ASSET MANAGEMENT HOLDINGS Ltd
10% Owner
Shanda Investment Group Ltd
10% Owner
Tian Qiao Chen
10% Owner
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 9:09 am EDT
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 StockF1 | Aug 18, 2016 | X | 1,600 | $11.00 | A | 9,379,172 | I | Please see footnote |
| Common StockF1 | Aug 19, 2016 | X | 998,400 | $11.00 | A | 10,377,572 | I | Please see footnote |
| Common StockF1 | Aug 19, 2016 | X | 887,200 | $12.00 | A | 11,264,772 | I | Please see footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Option (obligation to buy)F2 | $11.00 | Aug 18, 2016 | X | 16 | D | Jul 27, 2016 | Aug 19, 2016 | Common Stock | 1,600 | 9,984 | I |
| Put Option (obligation to buy)F2 | $11.00 | Aug 19, 2016 | X | 9,984 | D | Jul 27, 2016 | Aug 19, 2016 | Common Stock | 998,400 | 0 | I |
| Put Option (obligation to buy)F2 | $12.00 | Aug 19, 2016 | X | 8,872 | D | Jul 28, 2016 | Aug 19, 2016 | Common Stock | 887,200 | 0 | I |
| Call Option (right to buy)F3 | $8.00 | Aug 19, 2016 | P | 13,100 | A | Aug 19, 2016 | Sep 16, 2016 | Common Stock | 1,310,000 | 13,100 | I |
| Call Option (obligation to sell)F4 | $14.00 | Aug 19, 2016 | E | 18,860 | D | Jul 7, 2016 | Aug 19, 2016 | Common Stock | 1,886,000 | 0 | I |
| Call Option (obligation to sell)F4 | $14.00 | Aug 19, 2016 | E | 2,943 | D | Jul 13, 2016 | Aug 19, 2016 | Common Stock | 294,300 | 0 | I |
| Call Option (obligation to sell)F4 | $14.00 | Aug 19, 2016 | E | 578 | D | Jul 14, 2016 | Aug 19, 2016 | Common Stock | 57,800 | 0 | I |
| Call Option (obligation to sell)F4 | $14.00 | Aug 19, 2016 | E | 1,133 | D | Jul 15, 2016 | Aug 19, 2016 | Common Stock | 113,300 | 0 | I |
| Call Option (obligation to sell)F4 | $14.00 | Aug 19, 2016 | E | 14,207 | D | Jul 18, 2016 | Aug 19, 2016 | Common Stock | 1,420,700 | 0 | I |
Explanation of responses
- F1The common stock disclosed in this Form 4 are directly held by Shanda Asset Management Holdings Limited. Mr. Tianqiao Chen is the sole shareholder of Shanda Media Limited. Shanda Media Limited owns 70% of all outstanding and issued shares of Shanda Investment Group Limited which is the sole shareholder of Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited is the sole shareholder of Shanda Asset Management Holdings Limited. Therefore each of Mr. Tianqiao Chen, Shanda Media Limited, Shanda Investment Group Limited, Shanda Technology Overseas Capital Company Limited and Shanda Asset Management Holdings Limited may be deemed to be the beneficial owners of such common stock.
- F2The put options set forth in Table II represented an obligation on the part of Shanda Asset Management Holdings Limited to buy the underlying common stock from the holders of such options, at such holders' discretion and were sold by Shanda Asset Management Holdings Limited before the reporting persons became subject to Section 16.
- F3These call options are held directly by Shanda Asset Management Holdings Limited.
- F4These call options represented an obligation on the part of Shanda Asset Management Holdings Limited to sell the underlying common stock to the holders of such options, as such holders' discretion and were sold by Shanda Asset Management Holdings Limited before the reporting persons became subject to Section 16.