SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Adams Gabrielle B.
(Last) (First) (Middle)
10910 DOMAIN DRIVE, SUITE 300
(Street)
AUSTIN TX 78758
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HANGER, INC. [ HGR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President Accounting
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/06/2019 F(1) 421 D $19.27 33,626 D
Common Stock 03/07/2019 F(1) 769 D $19.16 32,857(2)(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $12.77 (4) 05/19/2027 Common Stock 30,938 30,938 D
Performance Share Units (5) (5) 05/19/2020 Common Stock 12,375 12,375 D
Explanation of Responses:
1. Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously reported.
2. Includes (i) unvested restricted shares totaling 5,574 shares of stock from an initial grant of 5,574 shares of restricted stock that begins to vest on March 9, 2019, (ii) unvested restricted shares and fully vested shares totaling 7,950 shares of stock from an initial grant of 7,950 shares of restricted stock that begins to vest on March 8, 2018, (iii) unvested restricted shares and fully vested shares totaling 3,000 shares of stock from an initial grant of 3,000 shares of restricted stock that begins to vest on October 11, 2017, (iv) unvested restricted shares and fully vested shares totaling 6,981 shares of stock from an initial grant of 7,750 shares of restricted stock that begins to vest on March 7, 2017, (v) unvested restricted shares and fully vested shares which total 3,305 shares of stock from an initial grant of 3,305 shares of restricted stock made on November 10, 2015 [continued in next footnote]
3. (vi) unvested restricted shares and fully vested shares which total 2,229 shares of stock from an initial grant of 2,229 shares of restricted stock made on September 8, 2015 and (vii) unvested restricted shares and fully vested shares which total 3,818 shares of stock from an initial grant of 4,239 shares of restricted stock made on March 6, 2015. Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.
4. Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
5. Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.
Jessica Lochmann Allen, Attorney-in-Fact for Gabrielle B. Adams 03/08/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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