SEC Form 4 · accession 0001209191-16-144652
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
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 6:11 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 | Sep 30, 2016 | M | 20,144 | — | A | 134,887 | D | |
| Common StockF3 | Sep 30, 2016 | F | 8,451 | $22.66 | D | 126,436 | 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 | — | Sep 30, 2015 | M | 20,144 | D | — | — | Common Stock | 20,144 | 0 | D |
Explanation of responses
- F1As previously reported, on October 1, 2013, the reporting person received a grant of 60,431 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 October 1, 2014, resulting in the vesting and settlement of 20,143 shares of common stock. The second anniversary occurred on October 1, 2015, resulting in the vesting and settlement of 20,144 shares of common stock. The third vesting date occurred on September 30, 2016 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 20,144 shares of common stock, as shown in Table I.
- 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.