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*
Finkel David A
(Last) (First) (Middle)
6705 ROCKLEDGE DRIVE
SUITE 900
(Street)
BETHESDA MD 20817
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COVENTRY HEALTH CARE INC [ CVH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr.VP Customer Service Oper
3. Date of Earliest Transaction (Month/Day/Year)
09/13/2007
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 09/13/2007 M 5,000 A $19.3 46,794(1) D(2)
Common Stock 09/13/2007 S 5,000 D $60.081 41,794(3) D(4)
Common Stock 09/13/2007 M 1,562 A $19.3 43,356(5) D(6)
Common Stock 09/13/2007 S 1,562 D $60.061 41,794(7) D(8)
Common Stock 09/13/2007 M 3,438 A $12.27 45,232(9) D(10)
Common Stock 09/13/2007 S 3,438 D $60.061 41,794(11) D(12)
Common Stock 09/13/2007 M 5,000 A $12.27 46,794(13) D(14)
Common Stock 09/13/2007 S 5,000 D $60.063 41,794(15) D(16)
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
Non-Qualified Stock Option $12.27 09/13/2007 M 3,438 12/31/2007 01/27/2013 Common Stock 3,438 $0 177,500 D
Non-Qualified Stock Option $12.27 09/13/2007 M 5,000 12/31/2007 01/27/2013 Common Stock 5,000 $0 172,500 D
Non-Qualified Stock Option $19.3 09/13/2007 M 5,000 06/25/2004 06/25/2013 Common Stock 5,000 $0 167,500 D
Non-Qualified Stock Option $19.3 09/13/2007 M 1,562 06/25/2004 06/25/2013 Common Stock 1,562 $0 165,938 D
Explanation of Responses:
1. Includes the following: Table I-Non-Derivative Securities comprised of 10,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
2. See Footnote 1 for shares held directly and indirectly.
3. Includes the following: Table I-Non-Derivative Securities comprised of 5,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
4. See Footnote 3 for shares held directly and indirectly.
5. Includes the following: Table I-Non-Derivative Securities comprised of 7,538 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
6. See Footnote 5 for shares held directly and indirectly.
7. Includes the following: Table I-Non-Derivative Securities comprised of 5,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
8. See Footnote 7 for shares held directly and indirectly.
9. Includes the following: Table I-Non-Derivative Securities comprised of 9,414 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
10. See Footnote 9 for shares held directly and indirectly.
11. Includes the following: Table I-Non-Derivative Securities comprised of 5,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
12. See Footnote 11 for shares held directly and indirectly.
13. Includes the following: Table I-Non-Derivative Securities comprised of 10,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
14. See Footnote 13 for shares held directly and indirectly.
15. Includes the following: Table I-Non-Derivative Securities comprised of 5,976 shares of common stock held directly, 1,201 shares of common stock held indirectly by managed account (401(k) Plan), and 34,617 shares of restricted common stock with restrictions lapsed or lapsing over four-year periods, held directly.
16. See Footnote 15 for shares held directly and indirectly.
David A. Finkel 09/14/2007
** 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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