SEC Form 4 · accession 0001140361-17-011296
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
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 7:15 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 | 520 | $13.87 | D | 43,311 | D | |
| Common Stock | Mar 8, 2017 | F | 1,144 | $13.77 | D | 42,167 | D | |
| Common StockF2,F3,F4 | Mar 8, 2017 | A | 11,000 | $0.00 | A | 53,167 | 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 11,000 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 11,000 shares of stock from an initial grant of 11,000 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 10,155 shares of stock from an initial grant of 11,000 shares of restricted stock that begins to vest on March 7, 2017; (iv) unvested restricted shares and fully vested shares totaling 5,320 shares of stock from an initial grant of 6,359 shares of restricted stock made on March 6, 2015; (v) unvested restricted shares and fully vested shares totaling 3,063 shares of stock from an initial grant of 3,661 shares of restricted stock made on March 7, 2014; [continued in next footnote]
- F4(vi) 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; (vii) 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 and (viii) 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.