Robert M. Thornton Jr - Aug 23, 2022 Form 4 Insider Report for SUNLINK HEALTH SYSTEMS INC (SSY)

Role
CEO, Chairman and President, Director
Signature
M. Timothy Elder, pursuant to a power of attorney
Stock symbol
SSY
Transactions as of
Aug 23, 2022
Transactions value $
$86
Form type
4
Date filed
8/26/2022, 05:15 PM
Previous filing
May 26, 2022
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSY Common Stock Options Exercise $24.4K +20K +3.68% $1.22 563K Aug 23, 2022 See Footnote 1 F1
transaction SSY Common Stock Tax liability -$24.3K -18.3K -3.25% $1.33 545K Aug 23, 2022 See Footnote 1 F1
transaction SSY Common Stock Options Exercise $48.8K +40K +7.34% $1.22 585K Aug 24, 2022 See Footnote 1 F1
transaction SSY Common Stock Tax liability -$48.8K -30.5K -5.21% $1.60 555K Aug 24, 2022 See Footnote 1 F1
holding SSY Common Stock 5K Aug 23, 2022 By IRA F2

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 SSY Employee Stock Option Options Exercise $0 -20K -33.33% $0.00 40K Aug 23, 2022 Common Stock 20K $1.22 Direct F3
transaction SSY Employee Stock Option Options Exercise $0 -40K -100% $0.00* 0 Aug 24, 2022 Common Stock 40K $1.22 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Owned by CareVest Capital, L.L.C. ("CareVest"). Mr. Thornton owns 100% of the outstanding voting shares of CareVest and is reporting CareVest's total direct holdings of SunLink common shares.
F2 This row reflects indirect ownership which has not changed as a result of the transactions reported on this form.
F3 Mr. Thornton exercised options to acquire 20,000 shares pursuant to a cashless exercise. The number of shares issued by the Company pursuant to such cashless exercise was 1,719.
F4 20,000 shares vested on 9/5/2014 and 20,000 shares vested on 9/5/2015.
F5 Mr. Thornton exercised options to acquire 40,000 shares pursuant to a cashless exercise. The number of shares issued by the Company pursuant to such cashless exercise was 9,500.