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*
DENTINO WILLIAM

(Last) (First) (Middle)
3300 DOUGLAS BLVD., SUITE 430

(Street)
ROSEVILLE CA 95661

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MOLINA HEALTHCARE INC [ MOH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Trustee of trust owners
3. Date of Earliest Transaction (Month/Day/Year)
12/08/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 12/08/2010 S(1) 25,000 D $24.9643(2) 1,933,990(3) D(4)
Common Stock 2,726,907 D(5)
Common Stock 200 D(6)
Common Stock 180,432 D(7)
Common Stock 1,000 D(8)
Common Stock 75,302 I Trustee(9)
Common Stock 75,302 I Trustee(10)
Common Stock 43,594 I Trustee(11)
Common Stock 8,768 I Trustee(12)
Common Stock 128,149 I Trustee(13)
Common Stock 18,070(14) I Trustee(15)
Common Stock 107,060(16) I Trustee(17)
Common Stock 239,027 I Trustee(18)
Common Stock 331,866 I Trustee(19)
Common Stock 277,587 I Trustee(20)
Common Stock 300,000 I Trustee(21)
Common Stock 300,000 I Trustee(22)
Common Stock 300,000 I Trustee(23)
Common Stock 400,000 I Trustee(24)
Common Stock 300,000 I Trustee(25)
Common Stock 300,000 I Trustee(26)
Common Stock 118,652 I Trustee(27)
Common Stock 41,956 I Trustee(28)
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
1. Name and Address of Reporting Person*
DENTINO WILLIAM

(Last) (First) (Middle)
3300 DOUGLAS BLVD., SUITE 430

(Street)
ROSEVILLE CA 95661

(City) (State) (Zip)
1. Name and Address of Reporting Person*
PEDERSEN CURTIS

(Last) (First) (Middle)
6218 EAST 6TH STREET

(Street)
LONG BEACH CA 90803

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MARY R MOLINA LIVING TRUST

(Last) (First) (Middle)
3300 DOUGLAS BLVD., SUITE 430

(Street)
ROSEVILLE CA 95661

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MOLINA MARITAL TRUST

(Last) (First) (Middle)
3300 DOUGLAS BLVD., SUITE 430

(Street)
ROSEVILLE CA 95661

(City) (State) (Zip)
Explanation of Responses:
1. Sale pursuant to the Rule 10b5-1 Trading Plan of the Mary R Molina Living Trust.
2. Represents the weighted average sale price of all sales on the Transaction Date. The range of prices for the transactions was $24.83 to $25.18. The seller undertakes to provide full information about the transactions to the Commission upon request.
3. Includes 116,418 shares previously transferred from MRM GRAT 1108-2 and 71,707 shares previously from MRM GRAT 1108-3 in non-reportable transactions.
4. The shares are owned by the Mary R. Molina Living Trust, of which Mr. Dentino and Mr. Pedersen are co-trustees.
5. The shares are owned by the Molina Marital Trust, of which Mr. Dentino and Mr. Pedersen are co-trustees.
6. The shares are owned by Mr. Pedersen.
7. The shares are owned by the MRM GRAT 508/3, of which Mr. Dentino and Mr. Pedersen are co-trustees.
8. The shares are owned by Mr. Dentino.
9. The shares are owned by the MRM GRAT 905/7A, of which Mr. Dentino and Mr. Pedersen are co-trustees.
10. The shares are owned by the MRM GRAT 905/7B, of which Mr. Dentino and Mr. Pedersen are co-trustees.
11. The shares are owned by the MRM GRAT 1206/4, of which Mr. Dentino and Mr. Pedersen are co-trustees.
12. The shares are owned by the MRM GRAT 507/4, of which Mr. Dentino and Mr. Pedersen are co-trustees.
13. The shares are owned by the MRM GRAT 308/3, of which Mr. Dentino and Mr. Pedersen are co-trustees.
14. Excludes 116,418 shares previously transferred to the Mary R. Molina Living Trust in a non-reportable transaction.
15. The shares are owned by the MRM GRAT 1108-2, of which Mr. Dentino and Mr. Pedersen are co-trustees.
16. Excludes 71,707 shares previously transferred to the Mary R. Molina Living Trust in a non-reportable transaction.
17. The shares are owned by the MRM GRAT 1108-3, of which Mr. Dentino and Mr. Pedersen are co-trustees.
18. The shares are owned by the MRM GRAT 609-2, of which Mr. Dentino and Mr. Pedersen are co-trustees.
19. The shares are owned by the MRM GRAT 609-4, of which Mr. Dentino and Mr. Pedersen are co-trustees.
20. The shares are owned by the MRM GRAT 609-7, of which Mr. Dentino and Mr. Pedersen are co-trustees.
21. The shares are owned by the MRM GRAT 1209/2, of which Mr. Dentino and Mr. Pedersen are co-trustees.
22. The shares are owned by the MRM GRAT 1209/3, of which Mr. Dentino and Mr. Pedersen are co-trustees.
23. The shares are owned by the MRM GRAT 1209/4, of which Mr. Dentino and Mr. Pedersen are co-trustees.
24. The shares are owned by MRM GRAT 610/2, of which Mr. Dentino and Mr. Pedersen are co-trustees.
25. The shares are owned by MRM GRAT 610/4, of which Mr. Dentino and Mr. Pedersen are co-trustees.
26. The shares are owned by MRM GRAT 610/5, of which Mr. Dentino and Mr. Pedersen are co-trustees.
27. The shares are owned by the Josephine M. Molina Trust (1995), of which Mr. Dentino and Josephine M. Molina (formerly Battiste) are co-trustees. The co-trustee with Ms. Molina was previously reported in error as Mr. Molina.
28. The shares are owned by the Molina Children's Trust for Josephine M. Molina (1997), of which Mr. Dentino and Josephine M. Molina (formerly Battiste) are co-trustees.
Remarks:
Mr. Dentino, Mr. Pedersen, the Mary R. Molina Living Trust and the Molina Marital Trust previously reported individually.
William Dentino, by Karen Calhoun, Attorney-In-Fact 12/10/2010
Curtis Pedersen, by Karen Calhoun, Attorney-In-Fact 12/10/2010
William Dentino and Curtis Pedersen, Co-Trustees of the Mary R Molina Living Trust, by Karen Calhoun, Attorney-In-Fact 12/10/2010
William Dentino and Curtis Pedersen, Co-Trustees of the Molina Marital Trust, by Karen Calhoun, Attorney-In-Fact 12/10/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.