SEC Form 4 · accession 0001140361-16-056327
WELLCARE HEALTH PLANS, INC. · WCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Lynn Asher
Officer — SVP and Chief Financial Office
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:35 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 | M | 1,265 | $0.00 | A | 4,941 | D | |
| Common StockF2 | Mar 1, 2016 | F | 346 | $92.50 | D | 4,595 | D | |
| Common Stock | Mar 1, 2016 | M | 990 | $0.00 | A | 5,585 | D | |
| Common StockF4 | Mar 1, 2016 | F | 271 | $92.50 | D | 5,314 | D | |
| Common Stock | holding | — | — | — | 4,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Mar 1, 2016 | M | 1,265 | D | — | — | Common Stock | 1,265 | 1,265 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 1, 2016 | M | 990 | D | — | — | Common Stock | 990 | 1,982 | D |
Explanation of responses
- F1Vesting of restricted stock units granted to the Reporting Person on August 29, 2014.
- F2Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on August 29, 2014 and vested on March 1, 2016.
- F3Vesting of restricted stock units granted to the Reporting Person on April 6, 2015.
- F4Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on April 6, 2015 and vested on March 1, 2016.
- F5Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- F6The 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.
- F7The award of restricted stock units vests in approximately equal increments on March 1, 2016, March 1, 2017 and March 1, 2018. Vested shares will be delivered to the Reporting Person upon vest.