SEC Form 4 · accession 0001567619-19-006219
WELLCARE HEALTH PLANS, INC. · WCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Robert Polen
Officer — EVP, Medicare and Operations
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 6:33 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, 2019 | M | 490 | $0.00 | A | 20,485 | D | |
| Common Stock | Mar 1, 2019 | M | 403 | $0.00 | A | 20,888 | D | |
| Common Stock | Mar 1, 2019 | M | 523 | $0.00 | A | 21,411 | D | |
| Common StockF4 | Mar 1, 2019 | F | 2,866 | $260.05 | D | 18,545 | 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 UnitsF5,F6 | — | Mar 1, 2019 | M | 490 | D | — | — | Common Stock | 490 | 0 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 1, 2019 | M | 403 | D | — | — | Common Stock | 403 | 403 | D |
| Restricted Stock UnitsF5,F8 | — | Mar 1, 2019 | M | 523 | D | — | — | Common Stock | 523 | 1,047 | D |
Explanation of responses
- F1Vesting of restricted stock units granted to the Reporting Person on March 28, 2016.
- F2Vesting of restricted stock units granted to the Reporting Person on March 22, 2017.
- F3Vesting of restricted stock units granted to the Reporting Person on March 19, 2018.
- F4Forfeiture of shares to satisfy tax obligations related to stock units that were granted to the Reporting Person on March 28, 2016, March 22, 2017, and March 19, 2018, and vested on March 1, 2019.
- 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, 2017, March 1, 2018 and March 1, 2019. 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, 2018, March 1, 2019 and March 1, 2020. Vested shares will be delivered to the Reporting Person upon vest.
- F8The award of restricted stock units vests in approximately equal increments on March 1, 2019, March 1, 2020 and March 1, 2021. Vested shares will be delivered to the Reporting Person upon vest.