SEC Form 4 · accession 0001140361-16-078931
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 · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:17 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 | Sep 1, 2016 | M | 3,601 | $0.00 | A | 11,793 | D | |
| Common StockF2 | Sep 1, 2016 | F | 1,511 | $112.70 | D | 10,282 | 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 | — | Sep 1, 2016 | M | 3,601 | D | — | — | Common Stock | 3,601 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units granted to the Reporting Person on September 2, 2014.
- F2Forfeiture of shares to satisfy tax obligations related to restricted stock units that were granted to the Reporting Person on September 2, 2014 and vested on September 1, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of WCG common stock.
- F4The restricted stock units vested in approximately equal installments on September 1, 2015 and September 1, 2016. Vested shares are delivered to the Reporting Person upon vest.