SEC Form 4 · accession 0001209191-18-035352
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald A Rittenmeyer
Officer — Executive Chairman and CEO · Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 4, 2018 · 6:51 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 | Jun 1, 2018 | M | 36,082 | — | A | 80,237 | D | |
| Common StockF3 | Jun 1, 2018 | F | 13,430 | $35.23 | D | 66,807 | D | |
| Common Stock | holding | — | — | — | 15,000 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 March Restricted Stock UnitsF1,F4 | — | Jun 1, 2018 | M | 36,082 | D | — | — | Common Stock | 36,082 | 252,578 | D |
Explanation of responses
- F1As previously reported, on March 29, 2018, the reporting person received a grant of 288,660 time-based restricted stock units that vest and settle in eight equal quarterly installments. The first vesting date occurred on June 1, 2018, resulting in the vesting and settlement of 36,082 shares of common stock, as shown in Table I. The remaining 252,578 restricted stock units are shown in Table II.
- 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.