Filing Details
- Accession Number:
- 0001209191-14-054654
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-08-27 16:31:31
- Reporting Period:
- 2014-08-26
- Filing Date:
- 2014-08-27
- Accepted Time:
- 2014-08-27 16:31:31
- 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 |
|---|---|---|---|---|---|---|---|
| 1217526 | Lewis David Miller | 4000 Meridian Boulevard Franklin TN 37067 | President And Coo | No | 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 | 2014-08-26 | 100,000 | $40.41 | 390,632 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-08-26 | 100,000 | $52.89 | 290,632 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2014-08-26 | 100,000 | $0.00 | 100,000 | $40.41 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2008-07-25 | 2015-07-24 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (Right to Buy) | $37.96 | 2012-02-23 | 2021-02-22 | 10,000 | 10,000 | Direct |
| Common Stock | Stock Options (Right to Buy) | $21.07 | 2013-02-16 | 2022-02-15 | 8,000 | 8,000 | Direct |
| Common Stock | Performance Based Restricted | $0.00 | 2015-03-01 | 2024-02-29 | 50,000 | 50,000 | Direct |
| Common Stock | Performance Based Restricted | $0.00 | 2015-03-01 | 2024-02-29 | 100,000 | 100,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-02-22 | 10,000 | 10,000 | Direct |
| 2022-02-15 | 8,000 | 8,000 | Direct |
| 2024-02-29 | 50,000 | 50,000 | Direct |
| 2024-02-29 | 100,000 | 100,000 | Direct |
Footnotes
- These shares were sold in a series of transactions at an average sales price of $52.8905 per share.
- 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.
- Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The performance target may be met in part in the first year or in whole or in part over the first two years. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.
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