SEC Form 4 · accession 0001179110-16-019972
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
Feb 20, 2016
Accepted (ET)
Feb 23, 2016 · 8:21 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 StockF5 | Feb 20, 2016 | F | 680 | $61.08 | D | 75,029 | D | |
| Common StockF5 | Feb 20, 2016 | F | 2,083 | $61.08 | D | 72,946 | D | |
| Common StockF5 | Feb 21, 2016 | F | 783 | $61.08 | D | 72,163 | D | |
| Common StockF5 | Feb 21, 2016 | F | 2,349 | $61.08 | D | 69,814 | 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 5,425 restricted stock units ("RSUs") made to the Reporting Person on February 20, 2015 (the "2015 RSU Vest"), pursuant to the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan").
- F2Shares 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 16,275 performance stock units ("PSUs") made to the Reporting Person on February 20, 2015, pursuant to the 2006 Plan (the "2015 PSU Vest").
- 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 6,250 RSUs made to the Reporting Person on February 21, 2014, pursuant to the 2006 Plan (the "2014 RSU Vest").
- F4Shares 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 18,750 PSUs made to the Reporting Person on February 21, 2014, pursuant to the 2006 Plan (the "2014 PSU Vest").
- F5The number of shares withheld by the Issuer in connection with the 2014 RSU Vest, 2014 PSU Vest, 2015 RSU Vest, and 2015 PSU Vest was based on the closing price of the Issuer's common stock on February 19, 2016, pursuant to the terms of the 2006 Plan.