SEC Form 4 · accession 0001209191-18-060599
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
Nov 30, 2018
Accepted (ET)
Dec 3, 2018 · 5:15 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 | Nov 30, 2018 | M | 36,082 | — | A | 129,203 | D | |
| Common StockF3 | Nov 30, 2018 | F | 14,199 | $26.07 | D | 115,004 | D | |
| Common StockF4,F2 | Nov 30, 2018 | M | 7,306 | — | A | 122,310 | D | |
| Common StockF3 | Nov 30, 2018 | F | 2,875 | $26.07 | D | 119,435 | 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,F5 | — | Nov 30, 2018 | M | 36,082 | D | — | — | Common Stock | 36,082 | 180,414 | D |
| 2018 June Restricted Stock UnitsF4,F5 | — | Nov 30, 2018 | M | 7,306 | D | — | — | Common Stock | 7,306 | 36,534 | 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 third vesting date occurred on November 30, 2018 (the business day prior to December 1, 2018, which fell on a weekend), resulting in the vesting and settlement of 36,082 shares of common stock, as shown in Table I. The remaining 180,414 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.
- F4As previously reported, on June 29, 2018, the reporting person received a grant of 51,146 time-based restricted stock units that vest and settle in seven equal quarterly installments. The second vesting date occurred on November 30, 2018 (the business day prior to December 1, 2018, which fell on a weekend), resulting in the vesting and settlement of 7,306 shares of common stock, as shown in Table I. The remaining 36,534 restricted stock units are shown in Table II.
- F5Restricted stock units are settled in shares of the Company's common stock upon vesting.