0001209191-17-015528.txt : 20170228
0001209191-17-015528.hdr.sgml : 20170228
20170228194500
ACCESSION NUMBER: 0001209191-17-015528
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170224
FILED AS OF DATE: 20170228
DATE AS OF CHANGE: 20170228
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: 17650801
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-02-24
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
2017-02-24
4
M
0
32873
A
1011736
D
Common Stock
2017-02-24
4
F
0
13922
21.99
D
997814
D
Common Stock
2017-02-24
4
M
0
54142
A
1051956
D
Common Stock
2017-02-24
4
F
0
22930
21.99
D
1029026
D
Common Stock
2017-02-24
4
M
0
30071
A
1059097
D
Common Stock
2017-02-24
4
F
0
12735
21.99
D
1046362
D
Common Stock
2017-02-24
4
M
0
60142
A
1106504
D
Common Stock
2017-02-24
4
F
0
25471
21.99
D
1081033
D
Common Stock
2550
I
By spouse
2015 February Restricted Stock Units
2017-02-24
4
M
0
32873
0.00
D
Common Stock
32873
32874
D
2015 February Performance-Based Restricted Stock Units
2017-02-24
4
M
0
54142
0.00
D
Common Stock
54142
54144
D
2014 February Restricted Stock Units
2017-02-24
4
M
0
30071
0.00
D
Common Stock
30071
0
D
2014 February Performance-Based Restricted Stock Units
2017-02-24
4
M
0
60142
0.00
D
Common Stock
60142
0
D
As previously reported, on February 25, 2015, the reporting person received a grant of 98,620 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. The second vesting date occurred on February 24, 2017 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 32,873 shares of common stock, as shown in Table I. The remaining 32,874 restricted stock units are shown in Table II, which are scheduled to vest on 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 Feb. 25, 2015, the reporting person received a target grant of 98,620 performance-based RSUs 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 RSUs vest in one-third increments on each of the 1st, 2nd and 3rd anniversaries of the date of grant. The 1st anniversary occurred on Feb. 25, 2016, resulting in the vesting and settlement of 54,142 shares of common stock. The 2nd vesting date occurred on Feb. 24, 2017 (the business day prior to the anniversary date, which fell on a weekend), resulting in the vesting and settlement of 54,142 shares of common stock, as shown in Table I. The remaining 54,144 performance RSUs are shown in Table II, which are scheduled to vest on Feb. 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. The third vesting date occurred on February 24, 2017 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 30,071 shares of common stock, as shown in Table I.
As previously reported, on Feb. 26, 2014, the reporting person received a target grant of 90,212 performance-based RSUs that were subject to the Company's attainment of a specified one-year performance metric for the year then-ending Dec. 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 RSUs vest in one-third increments on each of the 1st, 2nd and 3rd anniversaries of the date of grant. The 1st anniversary occurred on Feb. 26, 2015, resulting in the vesting & settlement of 60,140 shares of common stock. The 2nd anniversary occurred on Feb. 26, 2016, resulting in the vesting & settlement of 60,142 shares of common stock. The 3rd vesting date occurred on Feb. 24, 2017 (the business day prior to the anniversary date which fell on a weekend), resulting in the vesting and settlement of 60,142 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
2017-02-28