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Filing Details

Accession Number:: 0001567619-19-010570
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-05-13 16:13:12
Reporting Period:: 2019-05-10

Accepted Time:: 2019-05-13 16:13:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
722723	Hanger Inc.	HNGR	Services-Specialty Outpatient Facilities, Nec (8093)	840904275

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1454324	K Vinit Asar	10910 Domain Drive Suite 300 Austin TX 78758	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-05-10	2,700	$18.98	588,008	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options (right to buy)	$12.77		2027-05-19	159,982	159,982	Direct
Common Stock	Performance Share Units	$0.00		2020-05-19	63,993	63,993	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-05-19	159,982	159,982	Direct
2020-05-19	63,993	63,993	Direct

Footnotes

These shares were purchased at a range of prices from $18.94 to $19.07. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
Includes (i) unvested restricted shares totaling 58,456 shares of stock from an initial grant of 58,456 shares of restricted stock which begins to vest on March 8, 2020; (ii) unvested restricted shares and fully vested shares totaling 72,368 shares of stock from an initial grant of 80,564 shares of restricted stock with an initial vesting date of March 9, 2019; (iii) unvested restricted shares and fully vested shares totaling 75,906 shares of stock from an initial grant of 94,500 shares of restricted stock, 25% of which vested on May 17, 2018 and the remainder of which will vest on March 8, 2019, 2020 and 2021; (iv) unvested restricted shares and fully vested shares totaling 60,874 shares of stock from an initial grant of 67,516 shares of restricted stock with an initial vesting date of March 9, 2019; [continued in next footnote]
(v) fully vested shares totaling 65,566 shares of stock from an initial grant of 95,376 shares of restricted stock, granted on March 6, 2015; (vi) unvested restricted shares and fully vested shares totaling 48,194 shares of stock from an initial grant of 60,000 shares of restricted stock with an initial vesting date of March 8, 2018; (vii) unvested restricted shares and fully vested shares totaling 44,091 shares of stock from an initial grant of 60,000 shares of restricted stock made on April 29, 2016; [continued in next footnote]
(viii) fully vested shares totaling 32,807 shares of stock from an initial grant of 42,390 shares of restricted stock made on March 6, 2015; (ix) fully vested shares totaling 13,746 shares of stock from an initial grant of 17,973 shares of restricted stock made on March 7, 2014; (x) fully vested shares totaling 21,971 shares of stock from an initial grant of 29,292 shares of restricted stock and performance shares made on March 11, 2013; (xi) fully vested shares totaling 14,230 shares of stock from an initial grant of 17,250 shares of restricted stock and performance shares made on August 27, 2012;[continued in next footnote]
(xii) fully vested shares totaling 19,638 shares of stock from an initial grant of 27,600 shares of restricted stock and performance shares made on March 7, 2012; (xiii) fully vested shares totaling 11,589 shares of stock from an initial grant of 15,923 shares of restricted stock and performance shares made on March 25, 2011; (xiv) fully vested shares totaling 16,600 shares of stock from an initial grant of 23,000 shares of restricted stock and performance shares made on March 30, 2010; and (xv) fully vested shares totaling 29,002 shares of stock from an initial grant of 42,680 shares of restricted stock and performance shares made on December 29, 2008.
Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.
Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.