SEC Form 4 · accession 0001140361-16-063012
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vinit K Asar
Officer — President and CEO · Director
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 4:02 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,F3 | Apr 29, 2016 | A | 60,000 | $0.00 | A | 234,167 | 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 2016 Omnibus Incentive Plan (the "Plan"), which vests to the extent of 25% annually beginning on March 7, 2017 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 90,000 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2016.
- F2Includes (i) unvested restricted shares totaling 60,000 shares of stock from an initial grant of 60,000 shares of restricted stock that begins to vest on March 7, 2017; (ii) unvested restricted shares and fully vested shares totaling 42,390 shares of stock from an initial grant of 42,390 shares of restricted stock made on March 6, 2015; (iii) 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; (iv) unvested restricted shares and fully vested shares totaling 23,974 shares of stock from an initial grant of 29,292 shares of restricted stock and performance shares made on March 11, 2013; (v) unvested restricted shares and fully vested shares totaling 14,230 shares of stock from an initial grant of 17,250 shares of restricted stock and performance shares made on August 27, 2012; [continued in next footnote]
- F3(vi) 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; (vii) fully vested shares totaling 11,589 shares of stock from an initial grant of 15,923 shares of restricted stock and performance shares made on March 25, 2011; (viii) 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 (ix) 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. 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.