SEC Form 4 · accession 0001179110-15-002825
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore F Craver Jr.
Director
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 5:49 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 StockF2 | Feb 13, 2015 | M | 7,500 | $32.59 | A | 35,273 | D | |
| Common StockF2 | Feb 13, 2015 | S | 7,500 | $56.04 | D | 27,773 | D |
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)F3 | $32.59 | Feb 13, 2015 | M | 7,500 | D | — | May 13, 2015 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on May 13, 2005, under the Issuer's Amended and Restated 1998 Stock Option Plan, as amended (the "2005 Grant"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
- F2Includes shares owned by the Theodore F. and Marian H. Craver Living Trust for which the Reporting Person and his spouse both serve as trustees and beneficiaries and as such have shared voting and dispositive power.
- F3The 2005 Grant became exercisable in 33 1/3% increments on each of the first, second and third anniversaries of May 13, 2005, the grant date.