X0305 4 2012-05-23 0 0000916085 HEALTH NET INC HNT 0001213930 GREAVES ROGER F C/O HEALTH NET, INC. 21650 OXNARD STREET WOODLAND HILLS CA 91367 1 0 0 0 Common Stock 2012-05-23 4 A 0 5137 0 A 47329 D Includes 5,137 restricted stock units ("RSUs") granted to the Reporting Person on May 23, 2012 (the "2012 Grant Date") under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which vest and become non-forfeitable as to 33-1/3% of the RSUs on each of the first, second and third anniversaries of the 2012 Grant Date. /s/ Roger F. Greaves 2012-05-25