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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1108109	Community Health Systems Inc	CYH	Services-General Medical & Surgical Hospitals, Nec (8062)	133893191

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1217259	T Michael Portacci	4000 Meridian Boulevard Franklin TN 37067	Division President	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
Common Stock	Acquisiton	2015-02-27	50,000	$40.41	86,210	No	4	M	Direct
Common Stock	Disposition	2015-02-27	50,000	$48.56	36,210	No	4	S	Direct
Common Stock	Disposition	2015-02-27	3,496	$48.52	32,714	No	4	F	Direct
Common Stock	Acquisiton	2015-03-01	25,000	$0.00	57,714	No	4	M	Direct
Common Stock	Acquisiton	2015-03-01	3,333	$0.00	61,047	No	4	M	Direct
Common Stock	Disposition	2015-03-01	4,895	$48.52	56,152	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	F	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2015-02-27	50,000	$0.00	50,000	$40.41
Common Stock	Performance Based Restricted	Disposition	2015-03-01	25,000	$0.00	25,000	$0.00
Common Stock	Performance Based Restricted	Disposition	2015-03-01	3,333	$0.00	3,333	$0.00
Common Stock	Performance Based Restricted	Acquisiton	2015-03-01	35,000	$0.00	35,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2008-07-25	2015-07-24	No	4	M	Direct
0	2015-03-01	2024-02-29	No	4	M	Direct
6,667	2015-03-01	2024-02-29	No	4	M	Direct
35,000	2016-03-01	2025-02-28	No	4	A	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options (Right to Buy)	$32.28	2009-02-27	2018-02-26	20,000	20,000	Direct
Common Stock	Stock Options (Right to Buy)	$33.90	2011-02-24	2020-02-23	10,000	10,000	Direct
Common Stock	Stock Options (Right to Buy)	$37.96	2012-02-23	2021-02-22	10,000	10,000	Direct
Common Stock	Stock Options (Right to Buy)	$21.07	2013-02-16	2022-02-15	2,667	2,667	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-02-26	20,000	20,000	Direct
2020-02-23	10,000	10,000	Direct
2021-02-22	10,000	10,000	Direct
2022-02-15	2,667	2,667	Direct

Footnotes

The shares were sold in a series of transactions at a weighted average price of $48.5601 per share.
The performance objectives governing these shares of Performance Based Restricted Stock have been met, and, accordingly, these shares will now be reported in Table 1 as directly owned shares of Restricted Stock. The restrictions lapse in 1/3 increments on the first, second and third anniversary of the date of grant.
Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The Company has achieved the cost savings ("synergies") from the Health Management Associates, Inc. ("HMA") merger transaction that were required to be achieved during the first year following the merger transaction, and, accordingly, 1/3 of the performance based restricted shares awarded in conjunction with the completion of the HMA merger transaction will now be reported on Table 1 as directly owned shares. The restrictions on such shares have lapsed. The remaining 2/3 of the performance based restricted shares awarded in conjunction with the completion of the HMA merger transaction will remain subject to the two-year performance target, which may be met in whole or in part in the second year following the grant. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.