SEC Form 4 · accession 0001225208-15-005817
LEGACY LIFEPOINT HEALTH, INC. · LPNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Dill
Officer — President and Chief Operating
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 6:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301611
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Feb 23, 2015 | F | 19,142 | $70.18 | D | 160,060 | D | |
| Common | holding | — | — | — | 5,650 | I | By Custodian For Child | |
| Common | holding | — | — | — | 758 | I | By Retirement Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Options (Right to buy)F2 | $71.00 | Feb 24, 2015 | A | 100,000 | A | — | Feb 24, 2025 | Common | 100,000 | 100,000 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 24, 2015 | A | 25,000 | A | — | — | Common | 25,000 | 67,000 | D |
Explanation of responses
- F1Pursuant to the terms of the Company's 1998 Long-Term Incentive Plan, these shares were automatically withheld for payment of the tax liability incident to the vesting of a restricted stock award.
- F2The options vest in three equal installments beginning on the first anniversary of the date of grant.
- F3The Performance Period with respect to these restricted stock units (RSUs) is January 1, 2015 through December 31, 2017. Each RSU represents the right to receive, upon vesting, one share of the Issuer's common stock. Vesting of these performance-based RSUs is contingent upon the Issuer's three-year annualized total shareholder return or TSR as of December 31, 2017 relative to the S&P GICS Sub-industry: Health Care Facilities with over $500 million in revenues, or its equivalent.