SEC Form 4 · accession 0001140361-15-011177
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vinit K Asar
Officer — Chief Executive Officer · Director
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 4:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000722723
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 6, 2015 | A | 42,390 | $0.00 | A | 181,532 | D | |
| Common StockF2,F3 | Mar 9, 2015 | F | 3,091 | $25.43 | D | 178,441 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of time-based restricted stock under the Company's 2010 Omnibus Incentive Plan (the "Plan"), which vests to the extent of 25% annually on the first anniversary date of the grant and cumulatively vests to the extent of 25% each year thereafter. The restricted stock being reported does not include the contingent right of the reporting person to receive up to 63,584 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2015.
- F2Includes (i) unvested restricted shares totaling 42,390 shares of stock from an initial grant of 42,390 shares of restricted stock made on March 6, 2015; (ii) unvested restricted shares and fully vested shares totaling 16,744 shares of stock from an initial grant of 17,973 shares of restricted stock made on March 7, 2014; (iii) unvested restricted shares and fully vested shares totaling 25,977 shares of stock from an initial grant of 29,292 shares of restricted stock and performance shares made on March 11, 2013; (iv) unvested restricted shares and fully vested shares totaling 15,411 shares of stock from an initial grant of 17,250 shares of restricted stock and performance shares made on August 27, 2012; (v) unvested restricted shares and fully vested shares totaling 19,638 shares of stock from an initial grant of 27,600 shares of restricted stock and performance shares made on March 7, 2012; [continued in next footnote]
- F3(vi) unvested restricted shares and fully vested shares totaling 12,679 shares of stock from an initial grant of 15,923 shares of restricted stock and performance shares made on March 25, 2011; (vii) fully vested shares totaling 16,600 shares of stock from an initial grant of 23,000 shares of restricted stock and performance shares made on March 30, 2010; and (viii) fully vested shares totaling 29,002 shares of stock from an initial grant of 42,680 shares of restricted stock and performance shares made on December 29, 2008. All remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.