Statement of Changes in Beneficial Ownership (4)
03 March 2021 - 10:46AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hacker Howard |
2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP
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THC
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Chief Compliance Officer |
(Last)
(First)
(Middle)
14201 DALLAS PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/26/2021 |
(Street)
DALLAS, TX 75254
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 2/26/2021 | | M | | 4796 | A | (2) | 4796 | D | |
Common Stock | 2/26/2021 | | F | | 1231 (3) | D | $51.02 | 3565 | D | |
Common Stock (4) | 2/26/2021 | | M | | 1180 | A | (2) | 4745 | D | |
Common Stock | 2/26/2021 | | F | | 288 (3) | D | $51.02 | 4457 | D | |
Common Stock (5) | 2/26/2021 | | M | | 1619 | A | (2) | 6076 | D | |
Common Stock | 2/26/2021 | | F | | 395 (3) | D | $51.02 | 5681 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
2020 February Restricted Stock Units | (1) | 2/26/2021 | | M | | | 4796 | (1) | (1) | Common Stock (6) | 4796 | $0.00 | 9593 | D | |
2019 February Restricted Stock Units | (4) | 2/26/2021 | | M | | | 1180 | (4) | (4) | Common Stock (6) | 1180 | $0.00 | 1180 | D | |
2018 February Restricted Stock Units | (5) | 2/26/2021 | | M | | | 1619 | (5) | (5) | Common Stock (6) | 1619 | $0.00 | 0 | D | |
Explanation of Responses: |
(1) | As previously reported, on February 26, 2020, the reporting person received a grant of 14,389 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2021, resulting in the vesting and settlement of 4,796 shares of common stock, as shown in Table I. The remaining 9,593 restricted stock units are shown in Table II, of which 4,796 are scheduled to vest on February 26, 2022 and 4,797 are scheduled to vest on February 26, 2023. |
(2) | Restricted stock units convert into common stock on a one-for-one basis. |
(3) | Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3. |
(4) | As previously reported, on February 27, 2019, the reporting person received a grant of 3,539 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 27, 2020, resulting in the vesting and settlement of 1,179 shares of common stock. The second anniversary occurred on February 26, 2021 (the business day prior to February 27, 2021, which fell on a weekend), resulting in the vesting and settlement of 1,180 shares of common stock, as shown in Table I. The remaining 1,180 restricted stock units are shown in Table II and are scheduled to vest on February 27, 2022. |
(5) | As previously reported, on February 28, 2018, the reporting person received a grant of 4,855 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 28, 2019, resulting in the vesting and settlement of 1,618 shares of common stock. The second anniversary occurred on February 28, 2020, resulting in the vesting and settlement of 1,618 shares of common stock. The third anniversary occurred on February 26, 2021 (the business day prior to February 28, 2021, which fell on a weekend), resulting in the vesting and settlement of 1,619 shares of common stock, as shown in Table I. |
(6) | Time-based restricted stock units are settled in shares of the Company's common stock upon vesting. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hacker Howard 14201 DALLAS PARKWAY DALLAS, TX 75254 |
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| EVP, Chief Compliance Officer |
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Signatures
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Mark R. Jackson, as Attorney-in-Fact for Howard Hacker | | 3/2/2021 |
**Signature of Reporting Person | Date |
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