SEC Form 4 · accession 0001140361-16-056321
WELLCARE HEALTH PLANS, INC. · WCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A Burdick
Officer — Chief Executive Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:33 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 | Mar 1, 2016 | A | 3,600 | $0.00 | A | 7,695 | D | |
| Common StockF2 | Mar 1, 2016 | F | 980 | $92.50 | D | 6,715 | D | |
| Common Stock | Mar 1, 2016 | M | 1,681 | $0.00 | A | 8,396 | D | |
| Common StockF4 | Mar 1, 2016 | F | 460 | $92.50 | D | 7,936 | D | |
| Common Stock | Mar 1, 2016 | M | 353 | $0.00 | A | 8,289 | D | |
| Common StockF6 | Mar 1, 2016 | F | 97 | $92.50 | D | 8,192 | 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 UnitsF7,F8 | — | Mar 1, 2016 | M | 1,681 | D | — | — | Common Stock | 1,681 | 1,681 | D |
| Restricted Stock UnitsF7,F9 | — | Mar 1, 2016 | M | 353 | D | — | — | Common Stock | 353 | 353 | D |
Explanation of responses
- F1Settlement of performance stock units that were granted on September 2, 2014 and vested on March 1, 2016 based upon the achievement of performance goals for the performance period ending December 31, 2015.
- F2Forfeiture of shares to satisfy tax obligations related to performance stock units that were granted to the Reporting Person on September 2, 2014 and vested on March 1, 2016.
- F3Vesting of restricted stock units granted to the Reporting Person on February 27, 2014.
- F4Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on February 27, 2014 and vested on March 1, 2016.
- F5Vesting of restricted stock units granted to the Reporting Person on June 16, 2015.
- F6Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on June 16, 2015 and vested on March 1, 2016.
- F7Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- F8The award of restricted stock units vests in approximately equal increments on March 1, 2015, March 1, 2016 and March 1, 2017. Vested shares will be delivered to the Reporting Person upon vest.
- F9The award of restricted stock units vests in approximately equal increments on March 1, 2015, March 1, 2016 and March 1, 2017. Vested shares will be delivered to the Reporting Person upon vest.