SEC Form 4 · accession 0001209191-16-103507
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Scott Ramsey
Officer — Principal Accounting Officer
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 5:49 pm EST
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 | Feb 25, 2016 | M | 916 | — | A | 916 | D | |
| Common StockF3 | Feb 25, 2016 | F | 300 | $24.81 | D | 616 | D | |
| Common StockF4,F2 | Feb 26, 2016 | M | 750 | — | A | 1,366 | D | |
| Common StockF3 | Feb 26, 2016 | F | 245 | $25.68 | D | 1,121 | D | |
| Common StockF5,F2 | Feb 26, 2016 | M | 1,334 | — | A | 2,455 | D | |
| Common StockF3 | Feb 26, 2016 | F | 420 | $25.68 | D | 2,035 | D |
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,F6 | — | Feb 25, 2016 | M | 916 | D | — | — | Common Stock | 916 | 1,834 | D |
| 2014 February Restricted Stock UnitsF4,F6 | — | Feb 26, 2016 | M | 750 | D | — | — | Common Stock | 750 | 750 | D |
| 2013 February Restricted Stock UnitsF5,F6 | — | Feb 26, 2016 | M | 1,334 | D | — | — | Common Stock | 1,334 | 0 | D |
Explanation of responses
- F1As previously reported, on February 25, 2015, the reporting person received a grant of 2,750 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 25, 2016, resulting in the vesting and settlement of 916 shares of common stock, as shown in Table I. The remaining 1,834 restricted stock units are shown in Table II, of which 917 are scheduled to vest on each of February 25, 2017 and February 25, 2018.
- 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.
- F4As previously reported, on February 26, 2014, the reporting person received a grant of 2,250 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2015, resulting in the vesting and settlement of 750 shares of common stock. The second anniversary occurred on February 26, 2016, resulting in the vesting and settlement of 750 shares of common stock, as shown in Table I. The remaining 750 restricted stock units are shown in Table II, which are scheduled to vest on February 26, 2017.
- F5As previously reported, on February 28, 2013, the reporting person received a grant of 4,000 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2014, resulting in the vesting and settlement of 1,333 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 1,333 shares of common stock. The third vesting date occurred on February 26, 2016 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 1,334 shares of common stock, as shown in Table I.
- F6Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting.