SEC Form 4 · accession 0001140361-16-078385
WELLCARE HEALTH PLANS, INC. · WCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Lynn Asher
Officer — SVP, Chief Financial Officer
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 4:44 pm EDT
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 | Aug 29, 2016 | M | 3,796 | $0.00 | A | 9,110 | D | |
| Common StockF2 | Aug 29, 2016 | F | 2,203 | $113.45 | D | 6,907 | 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 UnitsF3,F4 | — | Aug 29, 2016 | M | 3,796 | D | — | — | Common Stock | 3,796 | 7,592 | 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 August 29, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- F4The restricted stock units vest in approximately equal installments on August 29, 2015, August 29, 2016, August 29, 2017 and August 29, 2018. Vested shares are delivered to the Reporting Person upon vest.