SEC Form 4 · accession 0001209191-15-019867
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith B Pitts
Officer — Vice Chairman
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000070318
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 February Restricted Stock UnitsF1,F2 | — | Feb 25, 2015 | A | 38,352 | A | — | — | Common Stock | 38,352 | 38,352 | D |
Explanation of responses
- F1In addition to the time-based restricted stock units reported here, on February 25, 2015, the reporting person also received a grant of performance restricted stock units, the target amount of which is 38,352 units. The vesting of the units is contingent upon the Company's achievement of a specified one-year performance goal for the year ending December 31, 2015. Provided the goal is achieved, the units will vest in one-third increments on each of the first, second and third anniversaries of the date of grant. If the performance goal is not achieved, the units will be forfeited. The actual number of units that could vest ranges from 0% to 200% of the target unit amount, depending on the Company's level of achievement with respect to the performance goal.
- F2These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.