SEC Form 4 · accession 0001140361-16-063055
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth W. Wilson
Officer — Pres./COO Southern Prosthetic*
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 4:16 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 | 11,000 | $0.00 | A | 38,831 | 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 11,000 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 11,000 shares of stock from an initial grant of 11,000 shares of restricted stock that begins to vest on March 7, 2017; (ii) unvested restricted shares and fully vested shares totaling 5,840 shares of stock from an initial grant of 6,359 shares of restricted stock made on March 6, 2015; (iii) unvested restricted shares and fully vested shares totaling 3,362 shares of stock from an initial grant of 3,661 shares of restricted stock made on March 7, 2014; (iv) unvested restricted shares and fully vested shares totaling 6,374 shares of stock from an initial grant of 8,075 shares of restricted stock and performance shares made on March 11, 2013; (v) fully vested shares totaling 6,833 shares of stock from an initial grant of 13,800 shares of restricted stock and performance shares made on March 7, 2012; [continued in next footnote]
- F3and (vi) fully vested shares totaling 5,422 shares of stock from an initial grant of 15,000 shares of restricted stock made on September 19, 2011. 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.
Remarks
* President and Chief Operating Officer of Southern Prosthetic Supply, Inc.