SEC Form 4 · accession 0001677229-16-000007
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
Sep 16, 2016
Accepted (ET)
Sep 20, 2016 · 6:50 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 | Sep 16, 2016 | X | 1,310,000 | $8.00 | A | 12,574,772 | I | See footnote |
| Common StockF1 | Sep 16, 2016 | X | 114,300 | $8.00 | A | 12,689,072 | I | See footnote |
| Common StockF1 | Sep 16, 2016 | X | 1,000,000 | $10.00 | A | 13,689,072 | I | See footnote |
| Common StockF1 | Sep 16, 2016 | X | 700,000 | $10.00 | A | 14,389,072 | I | See footnote |
| Common StockF1 | Sep 16, 2016 | X | 300,000 | $11.00 | A | 14,689,072 | I | See footnote |
| Common StockF1 | Sep 16, 2016 | X | 21,900 | $11.00 | A | 14,710,972 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call Option (right to buy)F2 | $8.00 | Sep 16, 2016 | X | 13,100 | D | Aug 19, 2016 | Sep 16, 2016 | Common Stock | 1,310,000 | 1,143 | I |
| Call Option (right to buy)F2 | $8.00 | Sep 16, 2016 | X | 1,143 | D | Aug 22, 2016 | Sep 16, 2016 | Common Stock | 114,300 | 0 | I |
| Call Option (right to buy)F2 | $10.00 | Sep 16, 2016 | X | 10,000 | D | Aug 11, 2016 | Sep 16, 2016 | Common Stock | 1,000,000 | 7,000 | I |
| Call Option (right to buy)F2 | $10.00 | Sep 16, 2016 | X | 7,000 | D | Aug 12, 2016 | Sep 16, 2016 | Common Stock | 700,000 | 0 | I |
| Call Option (right to buy)F2 | $11.00 | Sep 16, 2016 | X | 3,000 | D | Aug 3, 2016 | Sep 16, 2016 | Common Stock | 300,000 | 219 | I |
| Call Option (right to buy)F2 | $11.00 | Sep 16, 2016 | X | 219 | D | Aug 4, 2016 | Sep 16, 2016 | Common Stock | 21,900 | 0 | I |
| Put Option (obligation to buy)F3 | $11.00 | Sep 16, 2016 | E | 20,000 | D | Aug 3, 2016 | Sep 16, 2016 | Common Stock | 2,000,000 | 0 | I |
Explanation of responses
- F1The common stock disclosed in this Table I is 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 call options disclosed in this Table II were directly held by Shanda Asset Management Holdings Limited.
- F3The 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.