Filing Details

Accession Number:
0001209191-10-027953
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-05-14 13:00:00
Reporting Period:
2010-05-13
Filing Date:
2010-05-14
Accepted Time:
2010-05-14 16:14:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1108109 Community Health Systems Inc CYH Services-General Medical & Surgical Hospitals, Nec (8062) 133893191
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1018660 T Wayne Smith 4000 Meridian Boulevard
Franklin TN 37067
Chairman, President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-05-13 243,093 $20.30 1,092,472 No 4 M Direct
Common Stock Disposition 2010-05-13 243,093 $41.02 849,379 No 4 S Direct
Common Stock Acquisiton 2010-05-14 6,907 $20.30 856,286 No 4 M Direct
Common Stock Disposition 2010-05-14 6,907 $40.50 849,379 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (Right to Buy) Disposition 2010-05-13 243,093 $0.00 243,093 $20.30
Common Stock Stock Options (Right to Buy) Disposition 2010-05-14 6,907 $0.00 6,907 $20.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
506,907 2004-05-22 2013-05-22 No 4 M Direct
500,000 2004-05-22 2013-05-22 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,000 Indirect Spouse
Common Stock 79,750 Indirect by 2009 GRAT
Common Stock 200,000 Indirect by 2010 GRAT
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Performance Based Restricted $0.00 200,000 200,000 Direct
Common Stock Stock Options (Right to Buy) $33.90 2011-02-24 2020-02-24 50,000 50,000 Direct
Common Stock Stock Options (Right to Buy) $20.30 2004-05-22 2013-05-22 500,000 500,000 Direct
Common Stock Stock Options (Right to Buy) $32.37 2006-02-28 2013-02-28 100,000 100,000 Direct
Common Stock Stock Options (Right to Buy) $38.30 2007-03-01 2014-03-01 100,000 100,000 Direct
Common Stock Stock Options (Right to Buy) $37.21 2008-02-28 2015-02-28 100,000 100,000 Direct
Common Stock Stock Options (Right to Buy) $32.28 2009-02-27 2018-02-26 200,000 200,000 Direct
Common Stock Stock Options (Right to Buy) $40.41 2008-07-25 2015-07-25 500,000 500,000 Direct
Common Stock Stock Options (Right to Buy) $18.18 2010-02-25 2019-02-25 50,000 50,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
200,000 200,000 Direct
2020-02-24 50,000 50,000 Direct
2013-05-22 500,000 500,000 Direct
2013-02-28 100,000 100,000 Direct
2014-03-01 100,000 100,000 Direct
2015-02-28 100,000 100,000 Direct
2018-02-26 200,000 200,000 Direct
2015-07-25 500,000 500,000 Direct
2019-02-25 50,000 50,000 Direct
Footnotes
  1. These shares were sold in a series of transactions at an average sales price of $41.021 per share.
  2. These shares were sold in a series of transactions at an average sales price of $40.50 per share.
  3. Each performance based restricted share represents a contingent right to receive one share of CYH common stock. There are two elements to the lapsing of the restriction; first, the Company must achieve specified targeted amount of earnings per share from continuing operations, or net revenue from continuing operations, and if the performance objective is met, the vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the objectives are not met, the shares will be forfeited.