SEC Form 4 · accession 0001179110-15-002993
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Sell
Officer — President, West RegHealth Plan
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 7:40 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,F3 | Feb 17, 2015 | F | 1,119 | $56.32 | D | 51,640 | D | |
| Common StockF3 | Feb 18, 2015 | S | 1,797 | $55.95 | D | 49,843 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of 33-1/3% of a grant of 8,750 restricted stock units (the "RSU Vest") made to the Reporting Person on February 17, 2012, pursuant to the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan").
- F2The number of shares withheld by the Issuer in connection with the RSU Vest was based on the closing price of the Issuer's common stock on February 17, 2015, pursuant to the terms of the 2006 Plan.
- F3Includes shares held by the Steven J. Sell and Margaret D. William Revocable Trust, of which the Reporting Person is a trustee and beneficiary.
- F4The 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 Securities Exchange Act of 1934, as amended.