SEC Form 4 · accession 0001179929-18-000049
MOLINA HEALTHCARE, INC. · MOH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W White CPA
Officer — Chief Financial Officer · 10% Owner
Period of report
Mar 1, 2018
Accepted (ET)
Mar 2, 2018 · 9:24 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 | Mar 1, 2018 | F | 785 | $71.88 | D | 99,286 | D | |
| Common StockF2 | Mar 1, 2018 | F | 1,597 | $71.88 | D | 97,689 | D | |
| Common StockF4,F5 | Mar 1, 2018 | D | 13,158 | $0.00 | D | 84,531 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were applied to payment of withholding taxes in connection with vesting of 2,262 shares on March 1, 2018, which vested upon the compensation committee's certification of the Company's 2017 annual premium revenue metric achievement.
- F2Represents the closing price of the Issuer's common stock on March 1, 2018.
- F3The shares were applied to the payment of withholding taxes arising in connection with the vesting of 4,616 shares on March 1, 2018.
- F4Represents forfeiture of performance-based restricted stock granted to Reporting Person on April 1, 2015 and March 7, 2016, which were subject to vesting upon certain financial performance objectives that were not achieved.
- F5The shares vest as follows: (i) 15,008 shares shall vest in one-third increments over three years, on each of June 5, 2018, June 5, 2019, and June 5, 2020; (ii) 9,231 shares shall vest in two increments on each of March 1, 2019 and March 1, 2020; (iii) 4,317 shares shall vest based on the Company's 2018 after tax profit margin; (iv) 6,476 shares shall vest upon the Company's achievement of certain business development targets; (v) 8,636 shares shall vest one half on each of March 7, 2018 and March 7, 2019; (vi) 2,262 shares shall vest on April 1, 2018; the remainder of the shares are vested.