SEC Form 4 · accession 0001209191-18-016664
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Audrey T. Andrews
Officer — SVP and General Counsel
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:20 pm EST
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 1, 2018 | M | 8,776 | — | A | 64,843 | D | |
| Common StockF3 | Mar 1, 2018 | F | 2,137 | $21.05 | D | 62,706 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 March Restricted Stock UnitsF1,F4 | — | Mar 1, 2018 | M | 8,776 | D | — | — | Common Stock | 8,776 | 17,554 | D |
Explanation of responses
- F1As previously reported, on March 1, 2017, the reporting person received a grant of 26,330 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 1, 2018, resulting in the vesting and settlement of 8,776 shares of common stock, as shown in Table I. The remaining 17,554 restricted stock units are shown in Table II, of which 8,777 are scheduled to vest on each of March 1, 2019 and March 1, 2020.
- 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.
- F4Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.