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
- 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.
- Represents the closing price (and selling price, where applicable) of Issuer's common stock on February 28, 2014.
- The shares were applied to the payment of withholding taxes arising in connection with the vesting of 19,586 shares on March 1, 2014.
- Grant of restricted stock under the issuer's 2011 Equity Incentive Plan.
- The sale was made pursuant to Reporting Person's Rule 10b5-1 Trading Plan.
- Represents the actual selling price for all 2,374 shares.
- 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.
- 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
- (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.