SEC Form 4 · accession 0001567619-19-006711

HANGER, INC. · HNGR

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

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Represents a grant of time-based restricted stock under the Company's 2016 Omnibus Incentive Plan ("Plan"), which vests to the extent of 25% annually beginning on the first anniversary date of the grant 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 5,872 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2019.
• F2Represents performance shares being issued to the reporting person based on the achievement of performance targets for the period beginning January 1, 2018 and ending on December 31, 2018. These performance shares vest in equal tranches over a four year period, commencing on the first anniversary of the grant date.
• F3Includes (i) unvested restricted shares totaling 5,872 shares of stock from an initial grant of 5,872 shares of restricted stock that begins to vest on March 8, 2020; (ii) unvested restricted shares totaling 5,103 shares of stock from an initial grant of 5,103 shares of restricted stock that begins to vest on June 21, 2019; (iii) unvested restricted shares totaling 6,414 shares of stock from an initial grant of 6,414 shares of restricted stock that begins to vest on June 21, 2019.
• 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.