SEC Form 4 · accession 0001209191-15-074006
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
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 5:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000070318
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 1, 2015 | M | 20,144 | — | A | 78,250 | D | |
| Common StockF3 | Oct 1, 2015 | F | 8,451 | $36.39 | D | 69,799 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 October Restricted Stock UnitsF1,F2 | — | Oct 1, 2015 | M | 20,144 | D | — | — | Common Stock | 20,144 | 20,144 | D |
Explanation of responses
- F1As previously reported, on October 1, 2013, the reporting person received a grant of 60,431 restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The second anniversary occurred on October 1, 2015, resulting in the vesting and settlement of 20,144 shares of common stock, as shown in Table I. The remaining 20,144 restricted stock units are shown in Table II, which are scheduled to vest on October 1, 2016.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.