SEC Form 4 · accession 0001333493-16-000133
eHealth, Inc. · EHTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S Hurley
Officer — EVP, Sales and Operations
Period of report
Aug 16, 2016
Accepted (ET)
Aug 18, 2016 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333493
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Aug 16, 2016 | A | 20,000 | $0.00 | A | 48,395 | D | |
| Common StockF3 | holding | — | — | — | 6,500 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF4 | $0.00 | Aug 16, 2016 | A | 20,000 | A | — | Aug 16, 2020 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1This represents an award of restricted stock units. Each unit represents a contingent right to receive one share of the company's common stock upon vesting. The restricted stock units vest in four equal annual installments from the vesting commencement date of March 31, 2016, subject to the individual continuing to provide services to the company through the applicable vesting date.
- F2Total amount of shares beneficially owned includes shares deferred upon vesting of certain restricted stock units. The deferred shares will be settled in accordance with the terms of the deferral election.
- F3Shares held by Robert & Jeanette Riach Hurley, TTEEs, The Riach Hurley Family Trust.
- F4The performance-based restricted stock units will be eligible to vest during a four-year performance period following the award's grant date based on the company's stock price trading at certain pre-determined price thresholds. Once a price threshold is achieved, the portion of the award related to that threshold will vest one year later, subject to the individual continuing to provide services to the company through the applicable vesting date. Any shares underlying the performance-based restricted stcok units that vest will be settled persuant to the terms of a deferral election.