Filing Details

Accession Number:
0001209191-15-023516
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-06 16:16:19
Reporting Period:
2015-03-04
Filing Date:
2015-03-06
Accepted Time:
2015-03-06 16:16:19
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
1217265 S William Hussey 4000 Meridian Boulevard
Franklin TN 37067
Division President 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 Disposition 2015-03-04 8,706 $52.15 113,568 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 6,000 Indirect William S. Hussey Trustee, U/A dated 5/8/1998, by William S. Hussey as Grantor
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options (Right to Buy) $33.90 2011-02-24 2020-02-23 10,000 10,000 Direct
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 13,333 13,334 Direct
Common Stock Performance Based Restricted $0.00 2016-03-01 2025-02-28 35,000 35,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-02-23 10,000 10,000 Direct
2021-02-22 10,000 10,000 Direct
2022-02-15 8,000 8,000 Direct
13,333 13,334 Direct
2025-02-28 35,000 35,000 Direct
Footnotes
  1. These shares were sold in a series of transactions at an average sales price of $52.1509 per share.
  2. 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 award was granted on 03/01/14. The performance target on the remaining portion of the award may be met in whole or in part in the second year following the grant. 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.
  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.