SEC Form 4 · accession 0000899243-17-005329
AMEDISYS INC · AMED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul B. K. Kusserow
Officer — CEO and President · Director
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 9:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896262
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 22, 2017 | M | 18,750 | $0.00 | A | 94,376 | D | |
| Common Stock | Feb 22, 2017 | F | 7,859 | $48.47 | D | 86,517 | D | |
| Common Stock | holding | — | — | — | 128 | I | Through 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted SharesF1 | — | Feb 22, 2017 | M | 18,750 | D | — | — | Common Stock | 18,750 | 37,500 | D |
| Stock Option (Right to Buy)F2 | $26.78 | Feb 22, 2017 | A | 62,500 | A | Feb 22, 2017 | Mar 31, 2025 | Common Stock | 62,500 | 62,500 | D |
Explanation of responses
- F1Each performance-based restricted share represents a contingent right to receive one share of of unrestricted common stock. The performance-based restricted shares shall vest, if at all, based on the certification by the Comensation Committee of the Issuer's Board of Directors of the achievement of identified performance goals for fiscal years 2015 through 2018, respectively (subject to certain pro-rated vesting provisions as provided in the award agreement for the performance-based restricted shares). The performance criteria for fiscal year 2016 were met. The number of performance-based restricted shares listed in Table II, Column 9 represents the maximum number of shares of unrestricted common stock the Reporting Person would receive based on the satisfaction of all of the remaining pre-determined performance goals.
- F2On March 31, 2015, the reporting person was granted an option to purchase 250,000 shares of common stock. The option vests based on the issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2015, 2016, 2017 and 2018. The performance of criteria for 2016 were met, resulting in vesting of the option as to 62,500 shares.