Form 4 for CYH COMMUNITY HEALTH SYSTEMS INC
Accepted 2022-03-02 00:00:00 ET · period of report 2022-03-01 · accession 0001209191-22-015010 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-02 | 2022-03-01 | CYH | Simon Lynn T | Pres, CMO | A - Grant | $0.00 | +40.0K | 405.4K | +11% | $0 |
| D | 2022-03-02 | 2022-03-01 | CYH | Simon Lynn T | Pres, CMO | M - OptEx | $0.00 | +105.0K | 365.4K | +40% | $0 |
| D | 2022-03-02 | 2022-03-01 | CYH | Simon Lynn T | Pres, CMO | F - Tax | $10.18 | -53.5K | 351.9K | -13% | -$545.1K |
| D | 2022-03-02 | 2022-03-01 | CYH | Simon Lynn T | Pres, CMO | M - OptEx | $0.00 | -52.5K | 0 | -100% | $0 |
| DM | 2022-03-02 | 2022-03-01 | CYH | Simon Lynn T | Pres, CMO | A - Grant | $0.00 | +120.0K | 40.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-01 | A | A | 40,000 | $0.00 | 405,427 | D | — | — | (F2) The time-vesting restrictions on this award of restricted stock will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. |
| 2 | Common | Common Stock | 2022-03-01 | M | A | 105,000 | $0.00 | 365,427 | D | — | — | (F1) The vesting of these performance-based restricted shares was based on the attainment of certain performance objectives between 1/1/2019 and 12/31/2021 (the "2019-2021 Performance Period"). Based on the actual level of achievement of such performance objectives for the 2019-2021 Performance Period, the award vested on March 1, 2022 at 200% of the target number of the performance-based restricted shares originally reported by the reporting person on 3/4/2019. |
| 3 | Common | Common Stock | 2022-03-01 | F | D | 53,543 | $10.18 | 351,884 | D | — | — | |
| 4 | Derivative | Performance Based Restricted | 2022-03-01 | M | D | 52,500 | $0.00 | 0 | D | $0.00 · — to — | 52,500 Common Stock | (F1) The vesting of these performance-based restricted shares was based on the attainment of certain performance objectives between 1/1/2019 and 12/31/2021 (the "2019-2021 Performance Period"). Based on the actual level of achievement of such performance objectives for the 2019-2021 Performance Period, the award vested on March 1, 2022 at 200% of the target number of the performance-based restricted shares originally reported by the reporting person on 3/4/2019. |
| 5 | Derivative | Performance Based Restricted | 2022-03-01 | A | A | 80,000 | $0.00 | 80,000 | D | $0.00 · — to — | 80,000 Common Stock | (F3) The vesting of these performance-based restricted shares is allocated to the attainment of the following pre-determined performance objectives between 1/1/2022 and 12/31/2024 (the "2022-2024 Performance Period"), as follows: 50% to a Cumulative Consolidated Adjusted EBITDA Growth target; and 50% to a Cumulative Same-Store Net Revenue Growth target. The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2022-2024 Performance Period. |
| 6 | Derivative | Stock Options (Right to Buy) | 2022-03-01 | A | A | 40,000 | $0.00 | 40,000 | D | $10.18 · 2023-03-01 to 2032-02-29 | 40,000 Common Stock | (F4) Vesting occurs in 1/3 increments on the first, second and third anniversary of the date of grant. |