SEC Form 4 · accession 0001209191-17-025239
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
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 6:28 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 31, 2017 | M | 5,761 | — | A | 13,805 | D | |
| Common StockF3 | Mar 31, 2017 | F | 1,576 | $17.71 | D | 12,229 | 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 31, 2017 | M | 5,761 | D | — | — | Common Stock | 5,761 | 11,523 | D |
Explanation of responses
- F1On March 31, 2016, the reporting person received a grant of 17,284 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 31, 2017, resulting in the vesting and settlement of 5,761 shares of common stock, as shown in Table I. The remaining 11,523 restricted stock units are shown in Table II, of which 5,761 are scheduled to vest on March 31, 2018 and 5,762 are scheduled to vest on March 31, 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.