Filing Details

Accession Number:
0001179929-18-000028
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-01-23 18:50:08
Reporting Period:
2018-01-19
Accepted Time:
2018-01-23 18:50:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1179929 Molina Healthcare Inc MOH Hospital & Medical Service Plans (6324) 134204626
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1305822 Terry Bayer 300 University Avenue, Suite 100
Sacramento CA 95825
Chief Operating Officer 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 2018-01-19 1,088 $91.83 70,092 No 4 F Direct
Common Stock Disposition 2018-01-22 2,804 $91.63 67,288 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 S Direct
Footnotes
  1. The shares were withheld for payment of taxes with respect to vesting of 2,865 shares on January 19, 2018, upon the Company achieving a three-year Total Stockholder Return (TSR) as determined by ISS calculations that is greater than the median TSR achieved by the Company's ISS peer group for the three-year period ending December 31, 2017.
  2. Represents the closing price of the Issuer's common stock on January 19, 2018.
  3. The sale was made pursuant to Reporting Person's Rule 10b5-1 Trading Plan that was established on December 13, 2017.
  4. Represents the actual selling price for all 2,804 shares.
  5. The shares vest as follows: (i) 16,033 shares shall vest in one-third increments over three years, on each of March 1, 2018, March 1, 2019, and March 1, 2020; (ii) 5,154 shares shall vest based on the Company's 2017 after tax profit margin; (iii) 5,154 shares shall vest based on the Company's 2018 after tax profit margin; (iv) 5,154 shares shall vest based upon the Company's 2017 STARS ratings; (v) 7,731 shares shall vest upon the Company's achievement of certain business development targets; (vi) 10,309 shares shall vest in two increments on each of March 7, 2018 and March 7, 2019; continued
  6. (vii) 2,865 shares shall vest based on the Company's 2017 annual premium revenue achievement; (viii) 2,865 shares shall vest based on the Company's 2017 net profit margin achievement; (ix) 2,865 shares shall vest based on pre-tax income in fiscal year 2017; (x) 2,866 shares shall vest on April 1, 2018; the remainder of the shares are vested.