X0202 4 2006-08-08 0 0000916085 HEALTH NET INC HNT 0001213938 WESTEN B CURTIS 21650 OXNARD STREET WOODLAND HILLS CA 91367 0 1 0 0 Sr VP, General Counsel & Secty Common Stock 2006-08-08 4 M 0 50000 22.64 A 72341 D Common Stock 2006-08-08 4 S 0 32200 42.5 D 40141 D Common Stock 2006-08-08 4 S 0 200 42.51 D 39941 D Common Stock 2006-08-08 4 S 0 12500 42.52 D 27441 D Common Stock 2006-08-08 4 S 0 1500 42.55 D 25941 D Common Stock 2006-08-08 4 S 0 200 42.57 D 25741 D Common Stock 2006-08-08 4 S 0 1500 42.58 D 24241 D Common Stock 2006-08-08 4 S 0 300 42.59 D 23941 D Common Stock 2006-08-08 4 S 0 1600 42.60 D 22341 D Option (Right to Buy) 22.64 2006-08-08 4 M 0 50000 0 D 2003-08-12 2012-08-12 Common Stock 50000 50000 D Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on August 12, 2002 under the Issuer's Amended and Restated 1997 Stock Option Plan in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Stock Option"). Includes 265 shares in which the Reporting Person has a beneficial ownership interest under the profit sharing component of the Issuer's 401(k) Savings Plan. Represents unexercised options from the August 12, 2002 Stock Option grant to the Reporting Person beneficially owned by the Reporting Person. The Stock Option becomes exercisable in 25% increments on each of the first, second, third and fourth anniversary of the August 12, 2002 grant date. /s/ B. Curtis Westen 2006-08-10