Filing Details

Accession Number:
0001181431-14-010791
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-04 20:01:42
Reporting Period:
2014-03-01
Filing Date:
2014-03-04
Accepted Time:
2014-03-04 20:01:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1179929 Molina Healthcare Inc MOH Hospital & Medical Service Plans (6324) 134204626
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1246756 Cpa W Joseph White 300 University Avenue, Suite 100
Sacramento CA 95825
Chief Accounting Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2014-03-01 3,657 $37.68 88,957 No 4 F Direct
Common Stock Disposition 2014-03-01 7,712 $37.68 81,245 No 4 F Direct
Common Stock Acquisiton 2014-03-01 26,540 $37.68 107,785 No 4 A Direct
Common Stock Disposition 2014-03-03 2,374 $37.42 105,411 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 F Direct
No 4 A Direct
No 4 S Direct
Footnotes
  1. The shares were applied to the payment of withholding taxes arising in connection with the vesting of 7,007 shares on March 1, 2014, which vested upon the Company achieving three-year EBITDA margin for the three-year period ending December 31, 2013 greater than 2.5%. The achievement of such EBITDA margin was certified by the Compensation Committee on March 1, 2014.
  2. Represents the closing price (and selling price, where applicable) of Issuer's common stock on February 28, 2014.
  3. The shares were applied to the payment of withholding taxes arising in connection with the vesting of 19,586 shares on March 1, 2014.
  4. Grant of restricted stock under the issuer's 2011 Equity Incentive Plan.
  5. The sale was made pursuant to Reporting Person's Rule 10b5-1 Trading Plan.
  6. Represents the actual selling price for all 2,374 shares.
  7. 7,007 shares shall vest upon the Company achieving total revenue in any of the 2013, 2014, or 2015 fiscal years equal to or greater than $12 billion; 15,461 shares vest on March 1, 2015; and 6,086 shares vest on March 1, 2016.
  8. The 26,540 newly granted shares vest as follows: (i) 7,962 of such shares vest in one-third increments on each of March 1, 2015, March 1, 2016 and March 1, 2017; (ii) 2,654 of such shares vest upon the Company achieving three-year Total Stockholder Return (TSR) as determined by ISS calculations that is greater than the median TSR achieved by the Company's ISS peer group for the three-year period ending December 31, 2016; (iii) 2,654 of such shares vest on March 1, 2015 contingent upon the Company achieving a one-year TSR as determined by ISS calculations for fiscal year 2014 that is greater than the average TSR achieved by Centene Corporation and WellCare Group for their fiscal year ending December 31, 2014; continued
  9. (iv) 6,635 of such shares vest upon the Company achieving a three-year EBITDA margin percentage for the three-year period ending December 31, 2016 equal to or greater than 4.0%; and (v) 6,635 of such shares vest upon the Company achieving a cumulative earnings per share of at least $8.50 for the three year period ending December 31, 2016. The remainder of the shares are vested.