SEC Form 4 · accession 0001209191-17-013902
Quorum Health Corp · QHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Culotta
Officer — EVP and CFO
Period of report
Feb 22, 2017
Accepted (ET)
Feb 23, 2017 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001650445
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.0001 per shareF1 | Feb 22, 2017 | A | 75,000 | $0.00 | A | 239,633 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 22, 2017, the reporting person received a grant of 75,000 shares of restricted common stock pursuant to the Quorum Health Corporation 2016 Stock Award Plan. 50% of the award is time-vested restricted stock and vests in three equal installments beginning on the first anniversary of the date of the grant, and 50% of the award is performance-based restricted common stock and vests, if at all, over a two-year performance period based on the achievement of target cumulative revenue and target cumulative adjusted EBITDA, each weighted 50%.