SEC Form 4 · accession 0001209191-18-019391
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Eric Evans
Officer — Pres. of Hospital Operations
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 6:22 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 | Mar 9, 2018 | M | 2,615 | — | A | 39,952 | D | |
| Common StockF3 | Mar 9, 2018 | F | 637 | $24.18 | D | 39,315 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 March Restricted Stock UnitsF1,F4 | — | Mar 9, 2018 | M | 2,615 | D | — | — | Common Stock | 2,615 | 2,615 | D |
Explanation of responses
- F1As previously reported, on March 10, 2016, the reporting person received a grant of 7,844 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 10, 2017, resulting in the vesting and settlement of 2,614 shares of common stock. The second vesting date occurred on March 9, 2018 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 2,615 shares of common stock, as shown in Table I. The remaining 2,615 restricted stock units are shown in Table II, which are scheduled to vest on March 10, 2019.
- 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.
- F4Restricted stock units are settled in shares of the Company's common stock upon vesting.