SEC Form 4 · accession 0001140361-15-011184

HANGER, INC. · HNGR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

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 4,239 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2015.
• F2Consists of (i) unvested restricted shares totaling 4,239 shares of stock from an initial grant of 4,239 shares of restricted stock made on March 6, 2015; (ii) unvested restricted shares and fully vested shares totaling 1,589 shares of stock from an initial grant of 1,731 shares of restricted stock made on March 7, 2014; (iii) unvested restricted shares totaling 2,435 shares of stock from an initial grant of 3,246 shares of restricted stock and performance made on March 11, 2013; (iv) unvested restricted shares and fully vested shares totaling 2,008 shares from an initial grant of 4,800 shares of restricted stock made on March 7, 2012 and (v) unvested restricted shares totaling 1,150 shares from an initial grant of 4,600 shares of restricted stock made on March 25, 2011 [continued in next footnote]
• F3and cumulatively vest to the extent of one-quarter each year thereafter, subject to certain provisions under the Plan, and which shall become fully vested upon a termination of employment not involving termination for cause or voluntary termination. Except as otherwise noted, 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.