SEC Form 4 · accession 0001179110-15-000340
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Angelee F. Bouchard
Officer — SVP, General Counsel,Secretary
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000916085
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 31, 2014 | M | 3,800 | $49.06 | A | 35,549 | D | |
| Common Stock | Dec 31, 2014 | S | 3,800 | $55.00 | D | 31,749 | D | |
| Common StockF3 | holding | — | — | — | 15,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $49.06 | Dec 31, 2014 | M | 3,800 | D | — | Mar 2, 2016 | Common Stock | 3,800 | 0 | D |
Explanation of responses
- F1Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on March 2, 2006 under the Issuer's 2005 Long-Term Incentive Plan (the "2006 Grant") in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Act"). The exercise of the 2006 Grant was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
- F2The sale of Common Stock by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
- F3Shares held by the Bouchard Family Revocable Trust, of which the Reporting Person is a trustee and beneficiary.
- F4The 2006 Grant became exercisable in 50% increments on each of the second and fourth anniversaries of March 2, 2006, the grant date.