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Filing Details

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
1451345	Dewayne Martin Smith	4000 Meridian Blvd 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	Acquisiton	2015-06-03	8,000	$40.41	102,111	No	4	M	Direct
Common Stock	Disposition	2015-06-03	8,000	$54.81	94,111	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	2015-06-03	8,000	$0.00	8,000	$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)	$32.28	2009-02-27	2018-02-26	1,500	1,500	Direct
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			6,667	6,667	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
2018-02-26	1,500	1,500	Direct
2020-02-23	10,000	10,000	Direct
2021-02-22	10,000	10,000	Direct
2022-02-15	8,000	8,000	Direct
	6,667	6,667	Direct
2025-02-28	35,000	35,000	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.81 to $54.83, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
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 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.
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.