-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CsRaZ/iL/AFL6IzOuLcniWZx2lhQzYnraO3fkXIwImxTTOL1lq6Ug+kXblsmQmr2 tOsxlQBlS2wVjHNBtzw15Q== 0001179110-10-003669.txt : 20100224 0001179110-10-003669.hdr.sgml : 20100224 20100224175702 ACCESSION NUMBER: 0001179110-10-003669 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100222 FILED AS OF DATE: 20100224 DATE AS OF CHANGE: 20100224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sell Steven CENTRAL INDEX KEY: 0001479123 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12718 FILM NUMBER: 10630902 MAIL ADDRESS: STREET 1: 21650 OXNARD STREET CITY: WOODLAND HILLS STATE: CA ZIP: 91367 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HEALTH NET INC CENTRAL INDEX KEY: 0000916085 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 954288333 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 21650 OXNARD ST CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8186766000 MAIL ADDRESS: STREET 1: 225 N MAIN ST CITY: PUEBLO STATE: CO ZIP: 81003 FORMER COMPANY: FORMER CONFORMED NAME: FOUNDATION HEALTH SYSTEMS INC DATE OF NAME CHANGE: 19970513 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH SYSTEMS INTERNATIONAL INC DATE OF NAME CHANGE: 19940207 FORMER COMPANY: FORMER CONFORMED NAME: HN MANAGEMENT HOLDINGS INC/DE/ DATE OF NAME CHANGE: 19931213 4 1 edgar.xml FORM 4 - X0303 4 2010-02-22 0 0000916085 HEALTH NET INC HNT 0001479123 Sell Steven 21650 OXNARD STREET WOODLAND HILLS CA 91367 0 1 0 0 President, West RegHealth Plan Common Stock 2010-02-22 4 A 0 36100 0 A 40983 D Stock Option (Right to Buy) 23.03 2010-02-22 4 A 0 66600 0 A 2013-02-22 2017-02-22 Common Stock 66600 66600 D Includes 26,100 performance shares, which represent the portion of the Reporting Person's February 2009 performance share award attributable to the Issuer's achievement of a target level of pre-tax income and completion of certain strategic business divestitures in 2009. Vesting of the performance shares is subject to the continued employment of the Reporting Person through the date on which the Compensation Committee makes a determination regarding the satisfaction of certain additional criteria, which shall occur as soon as practicable following December 31, 2011 and in any event, no later than the third anniversary of the grant date. Also includes 10,000 restricted stock units ("RSUs") granted to the reporting person on February 22, 2010 (the "Grant Date") under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which vest and become non-forfeitable with respect to 25% of the RSUs on each of the first, second, third and fourth anniversaries of the Grant Date. Stock Option (Right to Buy) granted to the Reporting Person under the Issuer's 2006 Plan in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended. This stock option becomes exercisable with respect to 100% of the shares underlying the options on February 22, 2013 Represents total number of stock options granted to the Reporting Person on February 22, 2010. /s/ Steven Sell 2010-02-24 -----END PRIVACY-ENHANCED MESSAGE-----