SEC Form 4 · accession 0001209191-17-029448
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Cancelmi
Officer — Chief Financial Officer
Period of report
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 7:40 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,F3 | Apr 28, 2017 | M | 25,000 | — | A | 201,344 | D | |
| Common StockF4 | Apr 28, 2017 | F | 10,588 | $15.67 | D | 190,756 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 April Restricted Stock UnitsF1,F5 | — | Apr 28, 2017 | M | 25,000 | D | — | — | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1As previously reported, on April 30, 2012, the reporting person received a grant of 25,000 time-based restricted stock units that vests in its entirety on the fifth anniversary of the date of grant. The fifth anniversary occurred on April 28, 2017 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 25,000 shares of common stock, as shown in Table I.
- F2All historical share data in this Form 4 have been restated to reflect a one-for-four reverse stock split, effective as of October 11, 2012.
- F3Restricted stock units convert into common stock on a one-for-one basis.
- F4Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- F5Restricted stock units are settled in shares of the Company's common stock upon vesting.