SEC Form 4 · accession 0001567619-19-006724
HANGER, INC. · HNGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell D Dobson
Officer — SVP, Chief Compliance Officer
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 5:43 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 | Mar 8, 2019 | A | 4,567 | $0.00 | A | 23,180 | D | |
| Common Stock | Mar 8, 2019 | F | 486 | $19.30 | D | 22,694 | D | |
| Common StockF3,F4,F6,F5 | Mar 9, 2019 | F | 486 | $19.30 | D | 22,208 | D |
Table II — derivative securities
No Table II lines on this filing.
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 4,567 additional performance shares under the Plan based on the achievement of certain performance targets for the fiscal year 2019.
- F2Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
- F3Consists of (i) unvested restricted shares totaling 4,567 shares of stock from an initial grant of 4,567 shares of restricted stock that begins to vest on March 8, 2020; (ii) unvested restricted shares and fully vested shares totaling 4,514 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on March 9, 2019; (iii) unvested restricted shares and fully vested shares totaling 4,069 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on March 8, 2018; [continued in next footnote]
- F4(iv) unvested restricted shares and fully vested shares totaling 2,911 shares of stock from an initial grant of 4,150 shares of restricted stock that begins to vest on April 29, 2017; (v) unvested restricted shares and fully vested shares totaling 1,390 shares of stock from an initial grant of 1,653 shares of restricted stock made on November 10, 2015; (vi) unvested restricted shares and fully vested shares totaling 119 shares of stock from an initial grant of 200 shares of restricted stock made on March 6, 2015; [continued in next footnote]
- F5(vii) unvested restricted shares and fully vested shares totaling 2,179 shares of stock from an initial grant of 3,604 shares of restricted stock made on March 6, 2015; (viii) fully vested shares totaling 990 shares of stock from an initial grant of 1,598 shares of restricted stock made on March 7, 2014; (ix) fully vested shares totaling 827 shares of stock from an initial grant of 1,800 shares of restricted stock made on March 11, 2013; (x) fully vested shares totaling 428 shares from an initial grant of 1,400 shares of restricted stock made on March 7, 2012; and (xi) fully vested shares totaling 214 shares from an initial grant of 1,400 shares of restricted stock made on March 25, 2011.
- F6Except 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.