SEC Form 4 · accession 0001567619-19-002526
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
Feb 4, 2019
Accepted (ET)
Feb 6, 2019 · 4:29 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 | Feb 4, 2019 | A | 74,397 | $0.00 | A | 149,198 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance stock unit ("PSU") awards granted on 3/28/16. On 2/4/19, the Compensation Committee certified that the payout for the PSU awards based on a net income margin goal for the year ended 12/31/18 at 200% of target, or 29,934 shares. On 2/4/19, the Compensation Committee certified that the payout for the PSU awards based on a relative total shareholder return goal for the three years ended 12/31/18 at 200% of target, or 19,992 shares. On 2/4/19, the Compensation Committee certified that the payout for the PSU awards based on a quality improvement goal for the three years ended 12/31/18 at 163.5% of target, or 24,471 shares. The PSU awards vest on 3/1/19.