SEC Form 4 · accession 0001140361-15-011198
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel M. Liang
Officer — Executive Vice President*
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 5:02 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,F2 | Mar 6, 2015 | A | 13,777 | $0.00 | A | 28,522 | 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 13,777 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2015.
- F2Includes (i) unvested restricted shares which total 13,777 shares of stock from an initial grant of 13,777 shares of restricted stock made on March 6, 2015 and (ii) unvested restricted shares which total 14,745 shares of stock from an initial grant of 14,745 shares of restricted stock made on May 19, 2014. 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.
Remarks
* The reporting person is Executive Vice President of Hanger, Inc. and President and Chief Operating Officer of Hanger Prosthetics & Orthotics, Inc.