David Cordani - May 7, 2021 Form 4 Insider Report for Cigna Corp (CI)

Role
President & CEO, Director
Signature
By: Jill M. Stadelman, attorney-in-fact
Stock symbol
CI
Transactions as of
May 7, 2021
Transactions value $
-$10,235,117
Form type
4
Date filed
5/11/2021, 06:04 PM
Next filing
Jun 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CI Common Stock, $.01 Par Value Options Exercise $4.85M +62.1K +55.61% $78.04 174K May 7, 2021 Direct F1
transaction CI Common Stock, $.01 Par Value Sale -$7.68M -29.4K -16.91% $261.24 144K May 7, 2021 Direct F1, F2
transaction CI Common Stock, $.01 Par Value Sale -$8.52M -32.7K -22.66% $260.45 112K May 7, 2021 Direct F1, F3
transaction CI Common Stock, $.01 Par Value Options Exercise $1.12M +14.4K +12.85% $78.04 126K May 10, 2021 Direct F1
holding CI Common Stock, $.01 Par Value 1.65K May 7, 2021 By 401(k) F4
holding CI Common Stock, $.01 Par Value 425K May 7, 2021 By GRAT

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 CI Employee Stock Option (Right to Buy) Options Exercise $0 -62.1K -81.23% $0.00 14.4K May 7, 2021 Common Stock, $.01 Par Value 62.1K $78.04 Direct F1, F5
transaction CI Employee Stock Option (Right to Buy) Options Exercise $0 -14.4K -100% $0.00* 0 May 10, 2021 Common Stock, $.01 Par Value 14.4K $78.04 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2021.
F2 Represents the weighted average price of the shares sold. The prices actually received ranged from $261.005 to $261.93 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.
F3 Represents the weighted average price of the shares sold. The prices actually received ranged from $260.00 to $260.99 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.
F4 Represents shares acquired through ongoing participation in Cigna's 401(k) Plan.
F5 This option was granted on February 26, 2014. The option vested in three equal annual installments on the first, second and third anniversaries of the grant date.