SEC Form 4 · accession 0001140361-16-063040
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew C. Morton
Officer — SVP - Human Resources
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 4:12 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 | 8,000 | $0.00 | A | 33,719 | 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 8,000 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 8,000 shares of stock from an initial grant of 8,000 shares of restricted stock that begins to vest on March 7, 2017; (ii) unvested restricted shares totaling 4,958 shares of stock from an initial grant of 4,958 shares of restricted stock made on November 10, 2015; (iii) unvested restricted shares and fully vested shares totaling 3,893 shares of stock from an initial grant of 4,239 shares of restricted stock made on March 6, 2015; (iv) unvested restricted shares and fully vested shares totaling 1,726 shares of stock from an initial grant of 2,064 shares of restricted stock made on March 7, 2014; (v) unvested restricted shares and fully vested shares totaling 2,987 shares of stock from an initial grant of 3,958 shares of restricted stock and performance shares made on March 11, 2013; [continued in next footnote]
- F3(vi) fully vested shares totaling 2,930 shares of stock from an initial grant of 5,000 shares of restricted stock made on March 7, 2012; (vii) fully vested shares totaling 3,060 shares of stock from an initial grant of 4,900 shares of restricted stock made on March 25, 2011; and (viii) fully vested shares totaling 6,165 shares of stock from an initial grant of 12,000 shares of restricted stock made on June 21, 2010. 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.