SEC Form 4 · accession 0001567619-19-006506

HANGER, INC. · HNGR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

James H Campbell

Officer — SVP, Chief Clinical Officer

Period of report

Mar 7, 2019

Accepted (ET)

Mar 8, 2019 · 6:42 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^F2	Mar 7, 2019	F	476	$19.16	D	18,949	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)^F3	$12.77	holding	—	—	—	—	May 19, 2027	Common Stock	27,328	27,328	D
Performance Share Units^F4	—	holding	—	—	—	—	May 19, 2020	Common Stock	10,931	10,931	D

Explanation of responses

F1Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously reported.
F2Consists of (i) unvested restricted shares totaling 6,710 shares of stock from an initial grant of 6,710 shares of restricted stock that begins to vest on March 9, 2019; (ii) unvested restricted shares and fully vested shares totaling 6,508 shares of stock from an initial grant of 7,029 shares of restricted stock that begins to vest on March 8, 2018; (iii) unvested restricted shares and fully vested shares totaling 2,147 shares of stock from an initial grant of 3,000 shares of restricted stock that begins to vest on October 11, 2017; and (iv) unvested restricted shares and fully vested shares totaling 3,584 shares of stock from an initial grant of 6,008 shares of restricted stock that begins to vest on April 29,2017. 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.
F3Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
F4Performance 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.