SEC Form 3 · accession 0001209191-19-018632
TENET HEALTHCARE CORP · THC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra R Karrmann
Officer — EVP and Chief HR Officer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 11, 2019 · 8:21 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 Stock | holding | — | — | — | 2,971 | 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 UnitsF2,F1 | — | holding | — | — | — | — | — | Common Stock | 8,091 | — | D |
| 2018 February Performance Stock Options (Right to Buy)F3 | $20.60 | holding | — | — | — | — | Feb 28, 2028 | Common Stock | 28,313 | — | D |
| 2019 February Restricted Stock UnitsF2,F4 | — | holding | — | — | — | — | — | Common Stock | 9,437 | — | D |
| 2019 February Performance Stock Options (Right to Buy)F5 | $28.26 | holding | — | — | — | — | Feb 27, 2029 | Common Stock | 21,351 | — | D |
Explanation of responses
- F1Half of these time-based restricted stock units vest on each of February 28, 2020 and 2021.
- F2Restricted stock units are settled in shares of the Company's common stock upon vesting.
- F3These performance-based stock options will vest on February 28, 2021, as the stock price performance condition has been satisfied.
- F4One-third of these time-based restricted stock units vest on each of February 27, 2020, 2021 and 2022.
- F5These performance-based stock options vest on February 27, 2022, subject to the satisfaction of a stock price performance condition requiring the Company's common stock price to close at or above $35.33 per share for any 20 consecutive trading days during the three-year period following the date of grant, which was February 27, 2019.