Robert M. Thornton Jr. - 23 Aug 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
Issuer symbol
SSY
Transactions as of
23 Aug 2022
Net transactions value
+$86.27
Form type
4
Filing time
26 Aug 2022, 17:15:42 UTC
Previous filing
26 May 2022
Next filing
16 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSY Common Stock Options Exercise $24,400 +20,000 +3.7% $1.22 563,343 23 Aug 2022 See Footnote 1 F1
transaction SSY Common Stock Tax liability $24,314 -18,281 -3.2% $1.33 545,062 23 Aug 2022 See Footnote 1 F1
transaction SSY Common Stock Options Exercise $48,800 +40,000 +7.3% $1.22 585,062 24 Aug 2022 See Footnote 1 F1
transaction SSY Common Stock Tax liability $48,800 -30,500 -5.2% $1.60 554,562 24 Aug 2022 See Footnote 1 F1
holding SSY Common Stock 5,000 23 Aug 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 -20,000 -33% $0.000000 40,000 23 Aug 2022 Common Stock 20,000 $1.22 Direct F3
transaction SSY Employee Stock Option Options Exercise $0 -40,000 -100% $0.000000* 0 24 Aug 2022 Common Stock 40,000 $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.