SEC Form 4 · accession 0001209191-17-020608
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
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 5:58 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 | Mar 10, 2017 | M | 20,392 | — | A | 192,774 | D | |
| Common StockF3 | Mar 10, 2017 | F | 8,555 | $19.22 | D | 184,219 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 March Restricted Stock UnitsF1,F4 | — | Mar 10, 2017 | M | 20,392 | D | — | — | Common Stock | 20,392 | 40,785 | D |
Explanation of responses
- F1As previously reported, on March 10, 2016, the reporting person received a grant of 61,177 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 March 10, 2017, resulting in the vesting and settlement of 20,392 shares of common stock, as shown in Table I. The remaining 40,785 restricted stock units are shown in Table II, of which 20,392 are scheduled to vest on March 10, 2018 and 20,393 are scheduled to vest on March 10, 2019.
- 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.
- F4Restricted stock units are settled in shares of the Company's common stock upon vesting.