James S. Ely III - Mar 1, 2023 Form 4 Insider Report for COMMUNITY HEALTH SYSTEMS INC (CYH)

Role
Director
Signature
Christopher G. Cobb, Attorney in Fact for James S. Ely III
Stock symbol
CYH
Transactions as of
Mar 1, 2023
Transactions value $
$179,998
Form type
4
Date filed
3/2/2023, 03:18 PM
Previous filing
Feb 16, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYH Common Stock Options Exercise $0 +5.89K +1.96% $0.00 307K Mar 1, 2023 Direct F1
holding CYH Common Stock 4.99K Mar 1, 2023 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 -5.89K -33.33% $0.00 11.8K Mar 1, 2023 Common Stock 5.89K $0.00 Direct F2
transaction CYH Restricted Stock Units Award $180K +29.3K $6.15 29.3K Mar 1, 2023 Common Stock 29.3K $0.00 Direct F2
holding CYH Restricted Stock Units 34.5K Mar 1, 2023 Common Stock 34.5K $0.00 Direct F3
holding CYH Restricted Stock Units 19.3K Mar 1, 2023 Common Stock 19.3K $0.00 Direct F3
holding CYH Stock Units (SU) 16K Mar 1, 2023 Common Stock 16K $0.00 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 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 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.