SEC Form 4 · accession 0001567619-18-004147
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay C Wendt
Officer — President, Products & Services
Period of report
Oct 11, 2018
Accepted (ET)
Oct 15, 2018 · 4:33 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,F4 | Oct 11, 2018 | F | 213 | $19.40 | D | 33,199 | 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)F5 | $12.77 | holding | — | — | — | — | May 19, 2027 | Common Stock | 29,738 | 29,738 | D |
| Performance Share UnitsF6 | — | holding | — | — | — | — | May 19, 2020 | Common Stock | 11,895 | 11,895 | 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 totaling 3,975 shares of stock from an initial grant of 3,975 shares of restricted stock made on March 9, 2018; (ii) unvested restricted shares and fully vested shares totaling 7,228 shares of stock from an initial grant of 7,688 shares of restricted stock and performance shares made on March 8, 2017 (iii) unvested restricted shares and fully vested shares totaling 2,581 shares of stock from an initial grant of 3,000 shares of restricted stock made on October 11, 2016; (iv) unvested restricted shares and fully vested shares totaling 3,180 shares of stock from an initial grant of 3,700 shares of restricted stock made on April 29, 2016; (v) unvested restricted shares and fully vested shares totaling 2,853 shares of stock from an initial grant of 3,305 shares of restricted stock made on November 10, 2015; [continued in next footnote]
- F3(vi) unvested restricted shares and fully vested shares totaling 6,817 shares of stock from an initial grant of 8,480 shares of restricted stock and performance shares made on March 6, 2015; (vii) fully vested shares totaling 1,388 shares of stock from an initial grant of 1,997 shares of restricted stock made on March 7, 2014; (viii) fully vested shares totaling 2,416 shares of stock from an initial grant of 3,958 shares of restricted stock and performance shares made on March 11, 2013 and (ix) fully vested shares totaling 2,761 shares of stock from an initial grant of 6,600 shares of restricted stock and performance shares made on March 7, 2012.
- F4Except 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.
- F5Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
- F6Performance 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.