SEC Form 4 · accession 0001225208-18-004988
LEGACY LIFEPOINT HEALTH, INC. · LPNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer C Peters
Officer — Gen. Counsel and Corp. Sec.
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 5:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301611
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $44.85 | Feb 27, 2018 | A | 34,985 | A | — | Feb 27, 2028 | Common | 34,985 | 34,985 | D |
| Restricted Stock UnitsF2 | $0.00 | Feb 27, 2018 | A | 11,545 | A | — | — | Common | 11,545 | 18,337 | D |
Explanation of responses
- F1The options vest in four equal installments beginning on the first anniversary of the date of grant.
- F2The Performance Period with respect to these restricted stock units ("RSUs") is January 1, 2018 through December 31, 2020. Each RSU represents the right to receive, upon vesting, up to two shares of the Issuer's common stock. Vesting of these performance-based RSUs is contingent upon the achievement of annually established performance targets for diluted earnings per share for each of the three fiscal years of the Performance Period, with the final number of shares of common stock issued under the RSUs subject to modification based on the Issuer's three-year annualized total shareholder return as of December 31, 2020 relative to the S&P GICS Sub-Industry Health Care Facilities with over $500 million in revenues, or its equivalent. Any RSUs earned during the Performance Period will be paid out 75% in 2020 and 25% in 2021, contingent upon continued employment with the Issuer.