James S. Ely III - 01 Mar 2022 Form 4 Insider Report for COMMUNITY HEALTH SYSTEMS INC (CYH)

Role: Director
Signature: Christopher G. Cobb, Attorney in Fact for James S. Ely
Issuer symbol: CYH
Transactions as of: 01 Mar 2022
Net transactions value: +$180,003
Form type: 4
Filing time: 02 Mar 2022, 16:37:13 UTC
Previous filing: 18 Feb 2022
Next filing: 05 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYH	Common Stock	Options Exercise	$0	+11,356	+4.7%	$0.000000	251,299	01 Mar 2022	Direct	F1
holding	CYH	Common Stock						4,990	01 Mar 2022	By E5 Investors LLC

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	CYH	Restricted Stock Units	Options Exercise	$0	-11,356	-100%	$0.000000^*	0	01 Mar 2022	Common Stock	11,356	$0.000000	Direct	F2
transaction	CYH	Restricted Stock Units	Award	$180,003	+17,682		$10.18	17,682	01 Mar 2022	Common Stock	17,682	$0.000000	Direct	F2
holding	CYH	Restricted Stock Units						34,483	01 Mar 2022	Common Stock	34,483	$0.000000	Direct	F3
holding	CYH	Restricted Stock Units						19,296	01 Mar 2022	Common Stock	19,296	$0.000000	Direct	F3
holding	CYH	Stock Units (SU)						15,968	01 Mar 2022	Common Stock	15,968	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The security converts to common stock on a one-to-one basis.
F2	The Restricted Stock Units vest in 1/3 increments on the first, second and third anniversary date of the date of the grant. Upon vesting, the Reporting Person will be issued that number of shares of the Common Stock of the Company.
F3	The Restricted Stock Units vest in 1/3 increments on the first, second and third anniversary of the date of grant. Based on the Reporting Person's prior deferral election pursuant to the terms of the award agreement, the Reporting Person will be issued that number of shares of the Common Stock of the Company upon the Reporting Person's cessation as a director or upon a date specified by the Reporting Person.
F4	The Stock Units were accrued under the Company's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's Director Fees and are settled 100% in the Company's common stock on the last business day of the calendar quarter following cessation as a director or upon a date specified by the Reporting Person.