SEC Form 4 · accession 0001179929-15-000181
MOLINA HEALTHCARE, INC. · MOH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman Nichols
Other
Period of report
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 8:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001179929
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Dec 3, 2015 | F | 513 | $59.14 | D | 42,004 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were applied to the payment of withholding taxes in connection with the vesting of 1,875 shares on December 3, 2015 upon the Company achieving total revenue (as defined in the Reporting Person's Restricted Stock Award Agreement) in fiscal year 2015 in excess of $12 billion (the "Vesting Condition"). The achievement of the Vesting Condition was certified by the Compensation Committee on December 2, 2015, with vesting of the shares effective as of December 3, 2015.
- F2Represents the closing price (and selling price) of Issuer's common stock on December 3, 2015.
- F3The shares shall vest as follows: 9,584 shares on March 1, 2016; 4,897 shares on March 1, 2017 and March 1, 2018; and 1,826 shares on March 1, 2019. The remainder of the shares are vested.