SEC Form 4 · accession 0001127602-17-027117
LABCORP HOLDINGS INC. · LH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P King
Officer — President & CEO · Director
Period of report
Aug 2, 2017
Accepted (ET)
Sep 7, 2017 · 9:18 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920148
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 2, 2017 | G | 1,650 | $0.00 | D | 214,066 | D | |
| Common StockF1 | Sep 5, 2017 | M | 132,713 | $90.74 | A | 346,779 | D | |
| Common StockF3,F1 | Sep 5, 2017 | S | 132,713 | $157.056 | D | 214,066 | D | |
| Common StockF4 | holding | — | — | — | 9,042 | I | By grantor retained annuity trust | |
| Common Stock | holding | — | — | — | 31,601 | I | By grantor retained annuity trust | |
| Common StockF5 | holding | — | — | — | 1,014 | I | By grantor retained annuity trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock OptionsF6,F7 | $90.74 | Sep 5, 2017 | M | 132,713 | D | Feb 9, 2012 | Feb 9, 2021 | Common Stock | 132,713 | 44,687 | D |
Explanation of responses
- F1Amount includes 156.9666 shares acquired on June 30, 2017 under the Laboratory Corporation of America Holdings 2016 Employee Stock Purchase Plan and annuity payments from each of the reporting person's grantor retained annuity trusts to the reporting person in the amounts and on the dates indicated in notes 4 and 5 below.
- F2Pursuant to a plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.
- F3The price of $157.0560 per share represents a weighted average of sales prices ranging from $157.00 to $157.48 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
- F4Amount reflects an annuity payment of 7,900 shares made by the trust to the reporting person on July 11, 2017.
- F5Amount reflects an annuity payment of 9,300 shares made by the trust to the reporting person on July 17, 2017.
- F6Employee stock option (right to buy) granted pursuant to the Laboratory Corporation of America Holdings 2008 Stock Incentive Plan.
- F7The option vested in three equal annual installments beginning on 02/09/2011 and is now fully exercisable.