SEC Form 4 · accession 0001140361-17-011284
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Hast
Officer — SVP & Chief Compliance Officer
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 7:10 pm EST
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 Stock | Mar 7, 2017 | F | 331 | $13.87 | D | 35,809 | D | |
| Common Stock | Mar 8, 2017 | F | 1,058 | $13.77 | D | 34,751 | D | |
| Common StockF2,F3,F4 | Mar 8, 2017 | A | 7,500 | $0.00 | A | 42,251 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- F2Represents 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 8, 2018 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 7,500 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2017.
- F3Includes (i) unvested restricted shares which total 7,500 shares of stock from an initial grant of 7,500 shares of restricted stock that begins to vest on March 8, 2018; (ii) unvested restricted shares which total 5,000 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on October 11, 2017; (iii) unvested restricted shares and fully vested shares totaling 6,720 shares of stock from an initial grant of 7,500 shares of restricted stock that begins to vest on March 7, 2017; (iv) unvested restricted shares and fully vested shares totaling 2,518 shares of stock from an initial grant of 3,180 shares of restricted stock made on March 6, 2015; (v) unvested restricted shares and fully vested shares totaling 1,851 shares of stock from an initial grant of 2,663 shares of restricted stock made on March 7, 2014; [continued in next footnote]
- F4(vi) unvested restricted shares and fully vested shares totaling 2,306 shares of stock from an initial grant of 3,800 shares of restricted stock and performance shares made on March 11, 2013; (vii) fully vested shares totaling 1,559 shares of stock from an initial grant of 5,200 shares of restricted stock made on March 7, 2012; (viii) fully vested shares totaling 2,181 shares of stock from an initial grant of 5,200 shares of restricted stock made on March 25, 2011; (ix) fully vested shares totaling 3,020 shares of stock from an initial grant of 7,500 shares of restricted stock made on March 30, 2010 and (x) fully vested shares from previous awards of restricted stock to the reporting person. 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.