0001209191-13-012411.txt : 20130228
0001209191-13-012411.hdr.sgml : 20130228
20130228163419
ACCESSION NUMBER: 0001209191-13-012411
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130227
FILED AS OF DATE: 20130228
DATE AS OF CHANGE: 20130228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PORTACCI MICHAEL T
CENTRAL INDEX KEY: 0001217259
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15925
FILM NUMBER: 13652651
MAIL ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2013-02-27
0
0001108109
COMMUNITY HEALTH SYSTEMS INC
CYH
0001217259
PORTACCI MICHAEL T
4000 MERIDIAN BOULEVARD
FRANKLIN
TN
37067
0
1
0
0
Division President
Common Stock
2013-02-27
4
M
0
20167
0.00
A
133803
D
Common Stock
2013-02-27
4
F
0
2821
41.71
D
130982
D
Common Stock
2013-02-27
4
M
0
30000
32.37
A
160982
D
Common Stock
2013-02-27
4
S
0
78440
41.3011
D
82542
D
Performance Based Restricted
0.00
2013-02-27
4
M
0
20167
0.00
D
2013-02-16
2022-02-15
Common Stock
20167
0
D
Stock Options (Right to Buy)
32.37
2013-02-27
4
M
0
30000
0.00
D
2006-02-28
2013-02-27
Common Stock
30000
0
D
Performance Based Restricted
0.00
2013-02-27
4
A
0
25000
0.00
A
2014-02-27
2023-02-26
Common Stock
25000
25000
D
Stock Options (Right to Buy)
38.30
2007-03-01
2016-02-29
Common Stock
20000
20000
D
Stock Options (Right to Buy)
37.21
2008-02-28
2017-02-27
Common Stock
10000
10000
D
Stock Options (Right to Buy)
40.41
2008-07-25
2017-07-24
Common Stock
100000
100000
D
Stock Options (Right to Buy)
32.28
2009-02-27
2018-02-26
Common Stock
20000
20000
D
Stock Options (Right to Buy)
33.90
2011-02-24
2020-02-23
Common Stock
10000
10000
D
Stock Options (Right to Buy)
37.96
2012-02-23
2021-02-22
Common Stock
10000
10000
D
Stock Options (Right to Buy)
21.07
2013-02-16
2022-02-15
Common Stock
8000
8000
D
Financial information necessary to determine if performance criteria had been satisfied was not publicly available on February 16, 2013, the first anniversary of the date of the award. At a meeting of the Compensation Committee ("Committee") held February 26, 2013, and confirmed by the Board of Directors ("Board") on February 27, 2013, the Committee and the Board determined that the performance conditions had been satisfied. The shares will now be reported as owned shares in Table I, and restrictions on the remaining shares will lapse on the 2nd and 3rd anniversary of the original date of the award, all in accordance with the award agreement.
The shares were sold in a series of transactions at a weighted average price of $41.3011 per share.
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.
Christopher G. Cobb, Attorney in Fact for Michael T. Portacci
2013-02-28