SEC Form 4 · accession 0001209191-17-031006
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Pettingill
Director
Period of report
May 5, 2017
Accepted (ET)
May 9, 2017 · 5:02 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 | May 5, 2017 | M | 14,509 | — | A | 63,139 | D | |
| Common StockF4 | May 5, 2017 | A | 12,864 | $0.00 | A | 76,003 | D | |
| Common StockF5,F3 | May 9, 2017 | M | 3,833 | — | A | 79,836 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2009 May Director Stock UnitsF1,F3 | — | May 5, 2017 | M | 14,509 | D | — | — | Common Stock | 14,509 | 0 | D |
| 2014 May Director Stock UnitsF3,F5 | — | May 9, 2017 | M | 3,833 | D | — | — | Common Stock | 3,833 | 0 | D |
Explanation of responses
- F1As previously reported, on May 7, 2009, the reporting person received a grant of 14,509 restricted stock units which vested immediately and was scheduled to settle on the third anniversary of the date of grant; however, the reporting person elected to defer settlement in accordance with the terms of the issuer's 2008 Stock Incentive Plan and 2006 Deferred Compensation Plan. The deferred settlement occurred on May 5, 2017, resulting in the settlement of 14,509 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.
- F4Represents 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).
- F5As 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.