Kriten Joshi - Aug 20, 2020 Form 4 Insider Report for Change Healthcare Inc. (CHNG)

Role
Exhibit List: Exhibit 24 - Power of Attorney Title: EVP, and President, Network Solutions
Signature
/s/ Robert Zachary Beasley, as Attorney-in-Fact
Stock symbol
CHNG
Transactions as of
Aug 20, 2020
Transactions value $
-$616,331
Form type
4
Date filed
2/25/2022, 03:41 PM
Next filing
Jun 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHNG Common Stock Options Exercise +8.66K +3.13% 285K Aug 20, 2020 Direct F1
transaction CHNG Common Stock Disposed to Issuer -$112K -8.66K -3.03% $12.93 277K Aug 20, 2020 Direct
transaction CHNG Common Stock Options Exercise +13.7K +4.96% 291K Jun 17, 2021 Direct F1
transaction CHNG Common Stock Disposed to Issuer -$316K -13.7K -4.72% $23.07 277K Jun 17, 2021 Direct
transaction CHNG Common Stock Options Exercise +8.66K +3.13% 285K Aug 1, 2021 Direct F1
transaction CHNG Common Stock Disposed to Issuer -$188K -8.66K -3.03% $21.71 277K Aug 1, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CHNG Cash-Settled Restricted Stock Units Options Exercise $0 -8.66K -33.34% $0.00 17.3K Aug 20, 2020 Common Stock 8.66K Direct F1, F2
transaction CHNG Cash-Settled Restricted Stock Units Options Exercise $0 -13.7K -100% $0.00* 0 Jun 17, 2021 Common Stock 13.7K Direct F1, F3
transaction CHNG Cash-Settled Restricted Stock Units Options Exercise $0 -8.66K -50% $0.00 8.66K Aug 1, 2021 Common Stock 8.66K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each cash-settled restricted stock unit represents the contingent right to receive the cash value of one share of the Company's Common Stock upon vesting.
F2 Pursuant to a grant on August 20, 2019, whereby (a) one-third will vest on each of August 1, 2021 and 2022; and (b) one-third will vest on August 1, 2021, unless a Qualified MCK Exit (as defined in the LLC Agreement of Change Healthcare LLC) has occurred prior to the second anniversary of the Company's initial public offering, in which case such one-third of the cash-settled restricted stock units will instead vest on the later of (x) August 20, 2020 and (y) the date that is 30 days after a Qualified MCK Exit.
F3 Pursuant to a grant on June 17, 2020, these cash-settled restricted stock units vested in full on June 17, 2021.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney Title: EVP, and President, Network Solutions