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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
916085	Health Net Inc	HNT	Hospital & Medical Service Plans (6324)	954288333

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1213942	G Bruce Willison	C/O Health Net, Inc. 21650 Oxnard Street Woodland Hills CA 91367		Yes	No	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	Acquisiton	2012-04-13	7,500	$27.59	11,573	No	4	M	Direct
Common Stock	Disposition	2012-04-13	7,500	$37.11	4,073	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2012-04-13	7,500	$0.00	7,500	$27.59

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2003-05-24	2012-05-24	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,461	Indirect	By Trust

Footnotes

Exercise of a Stock Option (Right to Buy) granted to the Reporting Person on May 24, 2002 under the Issuer's Third Amended and Restated Non-Employee Director Stock Option Plan, as amended (the "2002 Grant"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Act"). The exercise of the 2002 Grant, as reported on this Form 4, was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.90 to $37.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. These sales of Common Stock by the Reporting Person on April 13, 2012, as reported on this Form 4, were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Act.
Shares held by the B. and G. Willison Living Trust for which the Reporting Person and his spouse serve as trustees and beneficiaries and as such have shared voting and dispositive power.
The 2002 Grant became exercisable in 33-1/3% increments on each of the first, second and third anniversaries of the grant date of May 24, 2002.