SEC Form 4 · accession 0001209191-19-015942
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
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 6:38 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 | Feb 28, 2019 | M | 21,035 | — | A | 253,559 | D | |
| Common StockF3 | Feb 28, 2019 | F | 5,104 | $28.58 | D | 248,455 | D | |
| Common StockF4,F2 | Mar 1, 2019 | M | 22,819 | — | A | 271,274 | D | |
| Common StockF3 | Mar 1, 2019 | F | 6,944 | $29.39 | D | 264,330 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 February Restricted Stock UnitsF1,F5 | — | Feb 28, 2019 | M | 21,035 | D | — | — | Common Stock | 21,035 | 42,072 | D |
| 2017 March Restricted Stock UnitsF4,F5 | — | Mar 1, 2019 | M | 22,819 | D | — | — | Common Stock | 22,819 | 22,820 | D |
Explanation of responses
- F1As previously reported, on February 28, 2018, the reporting person received a grant of 63,107 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 February 28, 2019, resulting in the vesting and settlement of 21,035 shares of common stock, as shown in Table I. The remaining 42,072 restricted stock units are shown in Table II, of which 21,036 are scheduled to vest on each of February 28, 2020 and February 28, 2021.
- 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 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. The second anniversary occurred on March 1, 2019, resulting in the vesting and settlement of 22,819 shares of common stock, as shown in Table I. The remaining 22,820 restricted stock units are shown in Table II and are scheduled to vest on March 1, 2020.
- F5Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.