0001209191-16-103501.txt : 20160229 0001209191-16-103501.hdr.sgml : 20160229 20160229174548 ACCESSION NUMBER: 0001209191-16-103501 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160225 FILED AS OF DATE: 20160229 DATE AS OF CHANGE: 20160229 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TENET HEALTHCARE CORP CENTRAL INDEX KEY: 0000070318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 952557091 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1445 ROSS AVENUE STREET 2: SUITE 1400 CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 469-893-2200 MAIL ADDRESS: STREET 1: 1445 ROSS AVENUE STREET 2: SUITE 1400 CITY: DALLAS STATE: TX ZIP: 75202 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL MEDICAL ENTERPRISES INC /NV/ DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FETTER TREVOR CENTRAL INDEX KEY: 0001205447 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07293 FILM NUMBER: 161469996 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-02-25 0 0000070318 TENET HEALTHCARE CORP THC 0001205447 FETTER TREVOR 1445 ROSS AVENUE SUITE 1400 DALLAS TX 75202 1 1 0 0 Chairman and CEO Common Stock 2016-02-25 4 M 0 32873 A 780525 D Common Stock 2016-02-25 4 F 0 13921 24.81 D 766604 D Common Stock 2016-02-25 4 M 0 54142 A 820746 D Common Stock 2016-02-25 4 F 0 22930 24.81 D 797816 D Common Stock 2016-02-26 4 M 0 30071 A 827887 D Common Stock 2016-02-26 4 F 0 12736 25.68 D 815151 D Common Stock 2016-02-26 4 M 0 60142 A 875293 D Common Stock 2016-02-26 4 F 0 25471 25.68 D 849822 D Common Stock 2016-02-26 4 M 0 31799 A 881621 D Common Stock 2016-02-26 4 F 0 13467 25.68 D 868154 D Common Stock 2016-02-26 4 M 0 31799 A 899953 D Common Stock 2016-02-26 4 F 0 13467 25.68 D 886486 D Common Stock 2550 I By spouse 2015 February Restricted Stock Units 2016-02-25 4 M 0 32873 0.00 D Common Stock 32873 65746 D 2015 February Performance-Based Restricted Stock Units 2016-02-25 4 M 0 54142 0.00 D Common Stock 54142 108284 D 2014 February Restricted Stock Units 2016-02-26 4 M 0 30071 0.00 D Common Stock 30071 30071 D 2014 February Performance-Based Restricted Stock Units 2016-02-26 4 M 0 60142 0.00 D Common Stock 60142 60142 D 2013 February Restricted Stock Units 2016-02-26 4 M 0 31799 0.00 D Common Stock 31799 0 D 2013 February Performance-Based Restricted Stock Units 2016-02-26 4 M 0 31799 0.00 D Common Stock 31799 0 D As previously reported, on February 25, 2015, the reporting person received a grant of 98,619 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 25, 2016, resulting in the vesting and settlement of 32,873 shares of common stock, as shown in Table I. The remaining 65,746 restricted stock units are shown in Table II, of which 32,873 are scheduled to vest on each of February 25, 2017 and February 25, 2018. Restricted stock units convert into common stock on a one-for-one basis. Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3. As previously reported, on February 25, 2015, the reporting person received a target grant of 98,619 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2015. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance metric was exceeded and 164.7% of the target grant was awarded; therefore, these restricted stock units 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 25, 2016, resulting in the vesting and settlement of 54,142 shares of common stock, as shown in Table I. The remaining 108,284 performance restricted stock units are shown in Table II, of which 54,142 are scheduled to vest on each of February 25, 2017 and February 25, 2018. As previously reported, on February 26, 2014, the reporting person received a grant of 90,212 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, 2015, resulting in the vesting and settlement of 30,070 shares of common stock. The second anniversary occurred on February 26, 2016, resulting in the vesting and settlement of 30,071 shares of common stock, as shown in Table I. The remaining 30,071 restricted stock units are shown in Table II, which are scheduled to vest on February 26, 2017. As previously reported, on February 26, 2014, the reporting person received a target grant of 90,212 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2014. The actual number of stock units that could vest ranged from 0% to 200% of the target unit amount. The performance metric was exceeded and 200% of the target grant was awarded; therefore, these restricted stock units 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, 2015 resulting in the vesting and settlement of 60,140 shares of common stock. The second anniversary occurred on February 26, 2016 resulting in the vesting and settlement of 60,142 shares of common stock, as shown in Table I. The remaining 60,142 performance restricted stock units are shown in Table II, which are scheduled to vest on February 26, 2017. As previously reported, on February 28, 2013, the reporting person received a grant of 95,396 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, 2014, resulting in the vesting and settlement of 31,798 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 31,799 shares of common stock. The third vesting date occurred on February 26, 2016 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 31,799 shares of common stock, as shown in Table I. As previously reported, on February 28, 2013, the reporting person received a target grant of 95,396 performance-based restricted stock units that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending December 31, 2013. The performance metric was met; therefore, these restricted stock units 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, 2014 resulting in the vesting and settlement of 31,798 shares of common stock. The second vesting date occurred on February 27, 2015 (the business day prior to the anniversary date, which fell on a weekend) resulting in the vesting and settlement of 31,799 shares of common stock. The third vesting date occurred on February 26, 2016 (the business day prior to the anniversary date which fell on a weekend) resulting in the vesting and settlement of 31,799 shares of common stock, as shown in Table I. Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock upon vesting. Anthony L. Shoemaker, as Attorney-in-Fact for Trevor Fetter 2016-02-29