SEC Form 4 · accession 0001179110-15-006148
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marie Montgomery
Officer — SVP, Corporate Controller
Period of report
Apr 6, 2015
Accepted (ET)
Apr 8, 2015 · 5:35 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 StockF1 | Apr 6, 2015 | S | 3,238 | $59.73 | D | 37,886 | D | |
| Common Stock | Apr 6, 2015 | M | 35,000 | $27.88 | A | 72,886 | D | |
| Common StockF3 | Apr 6, 2015 | S | 35,000 | $60.05 | D | 37,886 | D | |
| Common Stock | Apr 6, 2015 | M | 14,000 | $30.73 | A | 51,886 | D | |
| Common StockF5 | Apr 6, 2015 | S | 14,000 | $60.04 | D | 37,886 | 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)F6 | $27.88 | Apr 6, 2015 | M | 35,000 | D | — | Aug 18, 2018 | Common Stock | 35,000 | 0 | D |
| Stock Option (Right to Buy)F7 | $30.73 | Apr 6, 2015 | M | 14,000 | D | — | Feb 18, 2018 | Common Stock | 14,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $59.56 to $60.02, 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. These sales of Common Stock by the Reporting Person were 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.
- F2Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on August 18, 2008 under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2008 Grant"), in a transaction exempt under Rule 16b-3 of the Act. The exercise of the 2008 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.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $59.51 to $60.28, 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. These sales of Common Stock by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
- F4Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on February 18, 2011 under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2011 Grant"), in a transaction exempt under Rule 16b-3 of the Act. The exercise of the 2011 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.
- F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $59.45 to $60.21, 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. These sales of Common Stock by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
- F6The 2008 Grant became exercisable in 25% increments on each of the first, second, third, and fourth anniversaries of August 18, 2008, the grant date.
- F7The 2011 Grant became exercisable in 33 1/3% increments on each of the first, second, and third anniversaries of February 18, 2011, the grant date.