SEC Form 4 · accession 0001179110-15-010216
HEALTH NET INC · HNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven D Tough
Officer — Pres, Govt Progrms
Period of report
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 5:28 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 | Jun 19, 2015 | S | 20,000 | $63.48 | D | 81,221 | D | |
| Common Stock | Jun 19, 2015 | M | 15,000 | $48.04 | A | 96,221 | D | |
| Common StockF3 | Jun 19, 2015 | S | 15,000 | $63.50 | D | 81,221 | 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)F4 | $48.04 | Jun 19, 2015 | M | 15,000 | D | — | Feb 3, 2016 | Common Stock | 15,000 | 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 $63.13 to $63.73, 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 range 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 (the "Act").
- F2Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on February 3, 2006 under the Issuer's 2005 Long-Term Incentive Plan, as amended (the "2006 Grant"), in a transaction exempt under Rule 16b-3 of the Act. The exercise of the 2006 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 $63.07 to $63.82, 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 range 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.
- F4The 2006 Grant became exercisable in 25% increments on each of the first, second, third, and fourth anniversaries of February 3, 2006, the grant date.