0001567619-20-001359.txt : 20200122
0001567619-20-001359.hdr.sgml : 20200122
20200122161327
ACCESSION NUMBER: 0001567619-20-001359
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200117
FILED AS OF DATE: 20200122
DATE AS OF CHANGE: 20200122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Polen Michael Robert
CENTRAL INDEX KEY: 0001586419
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32209
FILM NUMBER: 20539057
MAIL ADDRESS:
STREET 1: 8735 HENDERSON ROAD
STREET 2: REN 2
CITY: TAMPA
STATE: FL
ZIP: 33634
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WELLCARE HEALTH PLANS, INC.
CENTRAL INDEX KEY: 0001279363
STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324]
IRS NUMBER: 470937650
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8735 HENDERSON ROAD
STREET 2: RENAISSANCE ONE
CITY: TAMPA
STATE: FL
ZIP: 33634
BUSINESS PHONE: 8132906200
MAIL ADDRESS:
STREET 1: 8735 HENDERSON ROAD
STREET 2: RENAISSANCE ONE
CITY: TAMPA
STATE: FL
ZIP: 33634
FORMER COMPANY:
FORMER CONFORMED NAME: WELLCARE GROUP INC
DATE OF NAME CHANGE: 20040210
4
1
doc1.xml
FORM 4
X0306
4
2020-01-17
0
0001279363
WELLCARE HEALTH PLANS, INC.
WCG
0001586419
Polen Michael Robert
C/O WELLCARE HEALTH PLANS, INC.
8735 HENDERSON ROAD
TAMPA
FL
33634
0
1
0
0
EVP, Medicare and Operations
Common Stock
2020-01-17
4
A
0
6365
0
A
28981
D
Common Stock
2020-01-17
4
F
0
2081
338.83
D
26900
D
Relates to performance stock unit ("PSU") awards granted to the Reporting Person on 3/22/17. The Compensation Committee certified PSU awards would vest and settle based on a net income margin goal for the year ended 12/31/19 achieved at 200% of target, or 2,416 shares. The Compensation Committee certified the PSU awards would vest and settle based on a relative total shareholder return goal for the three years ended 12/31/19 achieved at 200% of target, or 2,004 shares. The Compensation Committee certified the PSU awards would vest and settle based on a quality improvement goal for the three years ended 12/31/19 achieved at 161% of target, or 1,945 shares. Vesting and settlement of the PSUs were accelerated to 1/17/20 to effect treatment contemplated by the Agreement and Plan of Merger by and between Centene Corporation, WellCare Health Plans, Inc., and other parties thereto, filed on Form 8-K on March 27, 2019 (the "Merger Agreement").
Forfeiture of shares to satisfy tax obligations related to stock units for which vesting and settlement were accelerated to 1/17/20 to effect treatment contemplated by the Merger Agreement.
/s/ Michael Haber, attorney-in-fact
2020-01-22