0001209191-14-023710.txt : 20140328
0001209191-14-023710.hdr.sgml : 20140328
20140328161551
ACCESSION NUMBER: 0001209191-14-023710
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140328
FILED AS OF DATE: 20140328
DATE AS OF CHANGE: 20140328
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC
CENTRAL INDEX KEY: 0001108109
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062]
IRS NUMBER: 133893191
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
BUSINESS PHONE: 615-465-7000
MAIL ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
FORMER COMPANY:
FORMER CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC/
DATE OF NAME CHANGE: 20000229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SMITH WAYNE T
CENTRAL INDEX KEY: 0001018660
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15925
FILM NUMBER: 14725914
MAIL ADDRESS:
STREET 1: 500 WEST MAIN STREET
CITY: LOUISVILLE
STATE: KY
ZIP: 40202
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-03-28
0
0001108109
COMMUNITY HEALTH SYSTEMS INC
CYH
0001018660
SMITH WAYNE T
4000 MERIDIAN BOULEVARD
FRANKLIN
TN
37067
1
1
0
0
Chairman & CEO
Common Stock
2014-03-28
5
G
0
E
13000
0.00
D
771975
D
Common Stock
169388
I
by 2009 WTS Irrevocable Trust Dated 2/27/09
Common Stock
481721
I
WAC LLC
Common Stock
69830
I
2012 GRAT
Stock Options (Right to Buy)
37.21
2008-02-28
2015-02-27
Common Stock
100000
100000
D
Stock Options (Right to Buy)
40.41
2008-07-25
2015-07-24
Common Stock
500000
500000
D
Stock Options (Right to Buy)
32.28
2009-02-27
2018-02-26
Common Stock
200000
200000
D
Stock Options (Right to Buy)
18.18
2010-02-25
2019-02-24
Common Stock
50000
50000
D
Stock Options (Right to Buy)
33.90
2011-02-24
2020-02-23
Common Stock
50000
50000
D
Stock Options (Right to Buy)
37.96
2012-02-23
2021-02-22
Common Stock
50000
50000
D
Stock Options (Right to Buy)
21.07
2013-02-16
2022-02-15
Common Stock
40000
40000
D
Performance Based Restricted
0.00
2015-03-01
2024-02-29
Common Stock
150000
150000
D
Performance Based Restricted
0.00
2015-03-01
2024-02-29
Common Stock
300000
300000
D
These shares were gifted to family members of Reporting Person who do not share Reporting Person's household.
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.
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 part in the first year or in whole or in part over the first two years. 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.
Christopher G. Cobb, Attorney in Fact for Wayne T. Smith
2014-03-28