X0201 4 2003-11-14 0 0000916085 HEALTH NET INC HNT 0001213947 WOYS JAMES 21650 OXNARD STREET WOODLAND HILLS CA 91367 0 1 0 0 President Health Net Fed Srvcs Class A Common Stock 2003-11-14 4 M 0 2480 12.9375 A 11218 D Class A Common Stock 2003-11-14 4 S 0 1900 32.75 D 9318 D Class A Common Stock 2003-11-14 4 S 0 580 32.76 D 8738 D Option (Right to Buy) 12.9375 2003-11-14 4 M 0 2480 0 D 2002-04-10 2003-12-04 Class A Common Stock 2480 35900 D Exercise of an Option (Right to Buy) granted to the Reporting Person on December 4, 1998 under the Issuer's 1997 Stock Option Plan in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended. Represents unexercised options from the December 4, 1998 option grant to the Reporting Person beneficially owned by the Reporting Person. Includes 5,450 shares in which the Reporting Person has a beneficial ownership interest in under the Issuer's tax qualified Section 401(k) Savings Plan. /s/ James E. Woys, President Health Net Federal Services 2003-11-18