SEC Form 4 · accession 0001140361-17-037424
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Kiraly
Officer — EVP & Chief Financial Officer
Period of report
Oct 2, 2017
Accepted (ET)
Oct 3, 2017 · 5:48 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 StockF2,F3 | Oct 2, 2017 | F | 3,397 | $10.99 | D | 110,860 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F4 | $12.77 | holding | — | — | — | — | May 19, 2027 | Common Stock | 94,167 | 94,167 | D |
| Performance Share UnitsF5 | — | holding | — | — | — | — | May 19, 2020 | Common Stock | 37,667 | 37,667 | D |
Explanation of responses
- F1Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- F2Includes (i) unvested restricted shares which total 25,000 shares of stock from an initial grant of 25,000 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 23,328 shares of stock from an initial grant of 25,000 shares of restricted stock that begins to vest on March 7, 2017; (iv) unvested restricted shares and fully vested shares totaling 14,666 shares of stock from an initial grant of 15,896 shares of restricted stock made on March 6, 2015 and (v) unvested restricted shares and fully vested shares totaling 42,866 shares of stock from an initial grant of 49,660 shares of restricted stock made on October 1, 2014.
- F3Except 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.
- F4Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
- F5Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.