SEC Form 4 · accession 0001209191-18-016680
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith B Pitts
Officer — Vice Chairman
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:30 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 | 22,819 | — | A | 227,587 | D | |
| Common StockF3 | Mar 1, 2018 | F | 7,430 | $21.05 | D | 220,157 | 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 | 22,819 | D | — | — | Common Stock | 22,819 | 45,639 | D |
Explanation of responses
- F1As previously reported, on March 1, 2017, the reporting person received a grant of 68,458 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 22,819 shares of common stock, as shown in Table I. The remaining 45,639 restricted stock units are shown in Table II, of which 22,819 are scheduled to vest on March 1, 2019 and 22,820 are scheduled to vest on 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.