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Filing Details

Accession Number:: 0001179110-12-004128
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-03-02 20:15:36
Reporting Period:: 2012-02-29

Filing Date:: 2012-03-02
Accepted Time:: 2012-03-02 20:15:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
916085	Health Net Inc	HNT	Hospital & Medical Service Plans (6324)	954288333

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1450520	P John Sivori	C/O Health Net, Inc. 21650 Oxnard Street Woodland Hills CA 91367	Health Care Svcs Ofcrprespharm	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-02-29	28,000	$28.90	46,333	No	4	M	Direct
Common Stock	Disposition	2012-02-29	28,000	$37.81	18,333	No	4	S	Direct
Common Stock	Acquisiton	2012-02-29	7,321	$29.20	25,654	No	4	M	Direct
Common Stock	Disposition	2012-02-29	7,321	$37.86	18,333	No	4	S	Direct
Common Stock	Acquisiton	2012-03-01	17,879	$29.20	36,212	No	4	M	Direct
Common Stock	Disposition	2012-03-01	17,879	$38.22	18,333	No	4	S	Direct
Common Stock	Acquisiton	2012-03-01	8,334	$30.73	26,667	No	4	M	Direct
Common Stock	Disposition	2012-03-01	8,334	$38.16	18,333	No	4	S	Direct
Common Stock	Disposition	2012-03-01	15,770	$38.00	16,552	No	4	S	Indirect	By Trust

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
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	By Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2012-02-29	28,000	$0.00	28,000	$28.90
Common Stock	Stock Option (Right to Buy)	Disposition	2012-02-29	7,321	$0.00	7,321	$29.20
Common Stock	Stock Option (Right to Buy)	Disposition	2012-03-01	17,879	$0.00	17,879	$29.20
Common Stock	Stock Option (Right to Buy)	Disposition	2012-03-01	8,334	$0.00	8,334	$30.73

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2005-02-17	2014-02-17	No	4	M	Direct
17,879	2006-02-24	2015-02-24	No	4	M	Direct
0	2006-02-24	2015-02-24	No	4	M	Direct
16,666	2012-02-18	2018-02-18	No	4	M	Direct

Footnotes

Exercise of a stock option granted to the Reporting Person on February 17, 2004 under the Issuer's 1997 Stock Option Plan, as amended (the "2004 Grant"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Act").
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.66 to $38.03625, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth herein.
Exercise of a portion of a 25,200 share stock option grant made to the Reporting Person on February 24, 2005 under the Issuer's 2002 Stock Option Plan, as amended (the "2005 Grant"), in a transaction exempt under the Act.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.68 to $38.035, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth herein.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.00 to $38.35667, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth herein.
Exercise of a portion of a 25,000 share stock option grant made to the Reporting Person on February 18, 2011 under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2011 Grant"), in a transaction exempt under the Act.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.005 to $38.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth herein.
Shares held by the Sivori Family Trust, John and Roxanne Sivori TTES (the "Sivori Family Trust"), of which the Reporting Person is a trustee and beneficiary.
The 2011 Grant became exercisable with respect to 33-1/3% of the options on the first anniversary of the grant date of February 18, 2011 and will become exercisable with regard to the remainder of the options in 33-1/3% increments on each of the second and third anniversaries of the grant date.
Represents unvested and unexercised options from the 2011 Grant beneficially owned by the Reporting Person.
The 2004 Grant became exercisable in 25% increments on each of the first, second, third and fourth anniversaries of the grant date of February 17, 2004.
The 2005 Grant became exercisable in 25% increments on each of the first, second, third and fourth anniversaries of the grant date of February 24, 2005.
Represents vested and unexercised options from the 2005 Grant beneficially owned by the Reporting Person.