SEC Form 4 · accession 0001179110-15-002828

HEALTH NET INC · HNT

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

Reporting owner

Director

Period of report

Feb 13, 2015

Accepted (ET)

Feb 18, 2015 · 5:54 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	Feb 13, 2015	M	7,500	$32.59	A	15,199	D
Common Stock^F2	Feb 13, 2015	S	7,500	$55.88	D	7,699	D
Common Stock^F3	holding	—	—		—	31,358	I	By Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F4	$32.59	Feb 13, 2015	M	7,500	D	—	May 13, 2015	Common Stock	7,500	0	D

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.
F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $55.78 to $56.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3Shares held by the Willison Living Trust, for which the Reporting Person and his spouse serve as trustees and beneficiaries and as such have shared voting and dispositive power.
F4The 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.