0001209191-14-015817.txt : 20140303
0001209191-14-015817.hdr.sgml : 20140303
20140303161009
ACCESSION NUMBER: 0001209191-14-015817
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140227
FILED AS OF DATE: 20140303
DATE AS OF CHANGE: 20140303
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: Miller Thomas Daniel
CENTRAL INDEX KEY: 0001407312
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15925
FILM NUMBER: 14660405
MAIL ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37069
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-02-27
0
0001108109
COMMUNITY HEALTH SYSTEMS INC
CYH
0001407312
Miller Thomas Daniel
4000 MERIDIAN BOULEVARD
FRANKLIN
TN
37067
0
1
0
0
Division President
Common Stock
2014-02-27
4
M
0
25000
0.00
A
64336
D
Common Stock
2014-02-27
4
F
0
3496
42.25
D
60840
D
Performance Based Restricted
0.00
2014-02-27
4
M
0
25000
0.00
D
2014-02-27
2023-02-26
Common Stock
25000
0
D
Performance Based Restricted
0.00
2014-03-01
4
A
0
25000
0.00
A
2015-03-01
2024-02-29
Common Stock
25000
25000
D
Performance Based Restricted
0.00
2014-03-01
4
A
0
10000
0.00
A
2015-03-01
2024-02-29
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
The performance objectives governing these shares of Performance Based Restricted Stock have been met, and, accordingly, these shares will now be reported in Table 1 as directly owned shares of Restricted Stock. The restrictions lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
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.
Chrstopher G. Cobb, Attorney in Fact for Thomas D. Miller
2014-03-03