Justin D. Pitt - Mar 1, 2022 Form 3 Insider Report for COMMUNITY HEALTH SYSTEMS INC (CYH)

Role
EVP and General Counsel
Signature
Christopher G. Cobb, Attorney in Fact for Justin D. Pitt
Stock symbol
CYH
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/1/2022, 04:21 PM
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CYH Common Stock 97K Mar 1, 2022 Direct
holding CYH Common Stock 11.9K Mar 1, 2022 By spouse F1

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
holding CYH Performance Based Restricted Mar 1, 2022 Common Stock 15K $0.00 Direct F2
holding CYH Performance Based Restricted Mar 1, 2022 Common Stock 20K $0.00 Direct F3
holding CYH Performance Based Restricted Mar 1, 2022 Common Stock 20K $0.00 Direct F4
holding CYH Stock Options (Right to Buy) Mar 1, 2022 Common Stock 5K $4.99 Direct F5
holding CYH Stock Options (Right to Buy) Mar 1, 2022 Common Stock 20K $4.93 Direct F5
holding CYH Stock Options (Right to Buy) Mar 1, 2022 Common Stock 20K $8.81 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's spouse is employed by an affiliate of the Issuer.
F2 The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2019 and 12/31/2021 (the "2019-2021 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2019-2021 Performance Period.
F3 The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2020 and 12/31/2022 (the "2020-2022 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2020-2022 Performance Period.
F4 The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2021 and 12/31/2023 (the "2021-2023 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2021-2023 Performance Period.
F5 Vesting occurs in 1/3 increments on the first, second and third anniversary of the date of grant.