SEC Form 4 · accession 0001140361-18-024987
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Hast
Officer — SVP, Strategic Initiatives
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 5:23 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 Stock | May 17, 2018 | A | 7,875 | $0.00 | A | 50,928 | D | |
| Common StockF3,F4,F5 | May 17, 2018 | F | 656 | $18.01 | D | 50,272 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance shares being issued to the reporting person based on the achievement of performance targets for the period beginning January 1, 2017 and ending on December 31, 2017. These performance shares vest in equal tranches over a four year period, commencing on the first anniversary of the grant date. Because the Compensation Committee did not certify the attainment of the performance targets until May 17, 2018, the first tranche was not deemed vested until that date. The remainder of the performance shares will vest in equal installments on March 8, 2019, 2020 and 2021.
- F2Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- F3Includes (i) unvested restricted shares and fully vested shares totaling 7,219 shares of stock from an initial grant of 7,875 shares of restricted stock, 25% of which vested on May 17, 2018 and the remainder of which will vest on March 8, 2019, 2020 and 2021; (ii) unvested restricted shares and fully vested shares totaling 3,391 shares of stock from an initial grant of 4,770 shares of restricted stock, half of which vested on January 25, 2018 and the remainder of which vest on March 6, 2018 and 2019; (iii) unvested restricted shares and fully vested shares totaling 6,892 shares of stock from an initial grant of 7,500 shares of restricted stock that begins to vest on March 8, 2018; (iv) unvested restricted shares and fully vested shares totaling 4,546 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on October 11, 2017; [continued in next footnote]
- F4(v) unvested restricted shares and fully vested shares totaling 6,112 shares of stock from an initial grant of 7,500 shares of restricted stock that begins to vest on March 7, 2017; (vi) unvested restricted shares and fully vested shares totaling 2,211 shares of stock from an initial grant of 3,180 shares of restricted stock made on March 6, 2015; (vii) fully vested shares totaling 1,635 shares of stock from an initial grant of 2,663 shares of restricted stock made on March 7, 2014; (viii) fully vested shares totaling 1,910 shares of stock from an initial grant of 3,800 shares of restricted stock and performance shares made on March 11, 2013; (ix) 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; [continued in next footnote]
- F5(x) 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; (xi) 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 (xi) 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.