SEC Form 4 · accession 0001209191-17-030985
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brenda J Gaines
Director
Period of report
May 5, 2017
Accepted (ET)
May 9, 2017 · 4:49 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 | May 5, 2017 | A | 12,864 | $0.00 | A | 71,844 | D | |
| Common StockF2,F3 | May 9, 2017 | M | 3,833 | — | A | 75,677 | D | |
| Common Stock | holding | — | — | — | 408 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 May Director Stock UnitsF2,F3 | — | May 9, 2017 | M | 3,833 | D | — | — | Common Stock | 3,833 | 0 | D |
Explanation of responses
- F1Represents restricted stock units granted under the Company's Stock Incentive Plan. Each restricted stock unit is the economic equivalent of one share of the Company's common stock. All of these restricted stock units vested immediately on the grant date and will be settled in shares of common stock on the third anniversary of the date of grant (unless deferred settlement has been elected).
- F2As previously reported, on May 9, 2014, the reporting person received a grant of 3,833 restricted stock units which vested immediately and settled on the third anniversary of the date of grant. The third anniversary occurred on May 9, 2017, resulting in settlement of 3,833 shares of common stock, as shown in Table I.
- F3Restricted stock units convert into common stock on a one-for-one basis.