0001209191-15-023516.txt : 20150306 0001209191-15-023516.hdr.sgml : 20150306 20150306161619 ACCESSION NUMBER: 0001209191-15-023516 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150304 FILED AS OF DATE: 20150306 DATE AS OF CHANGE: 20150306 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC CENTRAL INDEX KEY: 0001108109 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 133893191 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4000 MERIDIAN BOULEVARD CITY: FRANKLIN STATE: TN ZIP: 37067 BUSINESS PHONE: 615-465-7000 MAIL ADDRESS: STREET 1: 4000 MERIDIAN BOULEVARD CITY: FRANKLIN STATE: TN ZIP: 37067 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC/ DATE OF NAME CHANGE: 20000229 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HUSSEY WILLIAM S CENTRAL INDEX KEY: 0001217265 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15925 FILM NUMBER: 15681833 MAIL ADDRESS: STREET 1: 4000 MERIDIAN BOULEVARD CITY: FRANKLIN STATE: TN ZIP: 37067 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-03-04 0 0001108109 COMMUNITY HEALTH SYSTEMS INC CYH 0001217265 HUSSEY WILLIAM S 4000 MERIDIAN BOULEVARD FRANKLIN TN 37067 0 1 0 0 Division President Common Stock 2015-03-04 4 S 0 8706 52.1509 D 113568 D Common Stock 6000 I William S. Hussey Trustee, U/A dated 5/8/1998, by William S. Hussey as Grantor Stock Options (Right to Buy) 33.90 2011-02-24 2020-02-23 Common Stock 10000 10000 D Stock Options (Right to Buy) 37.96 2012-02-23 2021-02-22 Common Stock 10000 10000 D Stock Options (Right to Buy) 21.07 2013-02-16 2022-02-15 Common Stock 8000 8000 D Performance Based Restricted 0.00 Common Stock 13333 13334 D Performance Based Restricted 0.00 2016-03-01 2025-02-28 Common Stock 35000 35000 D These shares were sold in a series of transactions at an average sales price of $52.1509 per share. Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The award was granted on 03/01/14. The performance target on the remaining portion of the award may be met in whole or in part in the second year following the grant. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited. Each performance based restricted share represents a contingent right to receive one share of CYH common stock. There are two elements to the lapsing of the restriction; first, the Company must achieve specified targeted amount of earnings per share from continuing operations, or net revenue from continuing operations, and if the performance objective is met, the vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the objectives are not met, the shares will be forfeited. Christopher G. Cobb, Attorney in Fact for William S. Hussey 2015-03-06