SEC Form 4 · accession 0001140361-15-000098
WELLCARE HEALTH PLANS, INC. · WCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Gallitano
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 2, 2015 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001279363
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 1, 2015 | M | 15,065 | $0.00 | A | 56,736 | D | |
| Common StockF2 | Jan 1, 2015 | F | 4,609 | $82.06 | D | 52,127 | D | |
| Common Stock | Jan 1, 2015 | M | 30,130 | $0.00 | A | 82,257 | D | |
| Common StockF2 | Jan 1, 2015 | F | 12,640 | $82.06 | D | 69,617 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Jan 1, 2015 | M | 15,065 | D | — | — | Common Stock | 15,065 | 0 | D |
| Restricted Stock UnitsF3,F5 | — | Jan 1, 2015 | M | 30,130 | D | — | — | Common Stock | 30,130 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units granted to the Reporting Person on May 1, 2014.
- F2Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on May 1, 2013 and vested on January 1, 2015.
- F3Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- F4The restricted stock units vest in full on the earlier of (a) May 1, 2015 or (b) the date a permanent chief executive officer commences employment. Shares will be delivered to the Reporting Person upon vest.
- F5The restricted stock units vest in full on the date a permanent chief executive officer commences employment. Shares will be delivered to the Reporting Person upon vest.