X0306
4
2015-02-13
0
0000916085
HEALTH NET INC
HNT
0001187019
CRAVER THEODORE F JR
C/O HEALTH NET, INC.
21650 OXNARD STREET
WOODLAND HILLS
CA
91367
1
0
0
0
Common Stock
2015-02-13
4
M
0
7500
32.59
A
35273
D
Common Stock
2015-02-13
4
S
0
7500
56.04
D
27773
D
Stock Option (Right to Buy)
32.59
2015-02-13
4
M
0
7500
0
D
2015-05-13
Common Stock
7500
0
D
Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on May 13, 2005, under the Issuer's Amended and Restated 1998 Stock Option Plan, as amended (the "2005 Grant"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
Includes shares owned by the Theodore F. and Marian H. Craver Living Trust for which the Reporting Person and his spouse both serve as trustees and beneficiaries and as such have shared voting and dispositive power.
The 2005 Grant became exercisable in 33 1/3% increments on each of the first, second and third anniversaries of May 13, 2005, the grant date.
/s/ Theodore F. Craver, Jr.
2015-02-18