SEC Form 4 · accession 0001209191-17-015526
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Eric Evans
Officer — Pres. of Hospital Operations
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 7:41 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 24, 2017 | M | 1,167 | — | A | 5,796 | D | |
| Common StockF3 | Feb 24, 2017 | F | 324 | $21.99 | D | 5,472 | D | |
| Common StockF4,F2 | Feb 24, 2017 | M | 1,000 | — | A | 6,472 | D | |
| Common StockF3 | Feb 24, 2017 | F | 327 | $21.99 | D | 6,145 | 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,F5 | — | Feb 24, 2017 | M | 1,167 | D | — | — | Common Stock | 1,167 | 1,167 | D |
| 2014 February Restricted Stock UnitsF4,F5 | — | Feb 24, 2017 | M | 1,000 | D | — | — | Common Stock | 1,000 | 0 | D |
Explanation of responses
- F1On February 25, 2015, the reporting person received a grant of 3,500 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 1,166 shares of common stock. The second vesting date occurred on February 24, 2017 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 1,167 shares of common stock, as shown in Table I. The remaining 1,167 restricted stock units are shown in Table II, which are scheduled to vest on 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.
- F4On February 26, 2014, the reporting person received a grant of 3,000 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 26, 2015, resulting in the vesting and settlement of 1,000 shares of common stock. The second anniversary occurred on February 26, 2016, resulting in the vesting and settlement of 1,000 shares of common stock. The third vesting date occurred on February 24, 2017 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 1,000 shares of common stock, as shown in Table I.
- F5Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting.