SEC Form 4 · accession 0001179110-15-004694
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Law
Officer — Health Care Services Officer
Period of report
Mar 7, 2015
Accepted (ET)
Mar 10, 2015 · 9:55 pm EDT
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 | Mar 7, 2015 | F | 1,523 | $56.09 | D | 96,547 | D | |
| Common StockF2 | Mar 7, 2015 | F | 3,311 | $56.09 | D | 93,236 | D | |
| Common StockF2 | Mar 7, 2015 | F | 6,088 | $56.09 | D | 87,148 | 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 ("RSUs") made to the Reporting Person on March 7, 2013 (the "RSU Vest"), 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, PSU Vest and Supplemental PSU Vest was based on the closing price of the Issuer's common stock on March 6, 2015, pursuant to the terms of the 2006 Plan.
- F3Shares 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 26,250 performance stock units ("PSUs") made to the Reporting Person on March 7, 2013, pursuant to the 2006 Plan (the "PSU Vest").
- F4Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of 11,667 PSUs of a grant of 35,000 PSUs made to the Reporting Person on March 7, 2013, pursuant to the 2006 Plan (the "Supplemental PSU Vest").