Thomas E. Hartman - May 11, 2021 Form 4 Insider Report for HANGER, INC. (HNGR)

Signature
/s/ Jessica Lochmann Allen, Attorney-in-Fact for Thomas E. Hartman
Stock symbol
HNGR
Transactions as of
May 11, 2021
Transactions value $
-$341,375
Form type
4
Date filed
5/12/2021, 04:28 PM
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNGR Common Stock Options Exercise $904K +70.8K +63.81% $12.77 182K May 11, 2021 Direct
transaction HNGR Common Stock Tax liability -$1.25M -49.8K -27.39% $25.02 132K May 11, 2021 Direct F1, F2, F3, F4, F5, F6

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 HNGR Stock Options (right to buy) Options Exercise $0 -70.8K -100% $0.00* 0 May 11, 2021 Common Stock 70.8K $12.77 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents net exercise of options and shares withheld to satisfy tax liability.
F2 Consists of (i) unvested restricted shares totaling 8,665 shares of stock from an initial grant of 8,665 shares of restricted stock that begins to vest on March 8, 2022 (ii) unvested restricted shares totaling 6,111 shares of stock from an initial grant of 6,778 shares of restricted stock that begins to vest on March 9, 2021 (iii) unvested restricted shares totaling 7,188 shares of stock from an initial grant of 7,973 shares of restricted stock that begins to vest on March 9, 2021 (iv) unvested restricted shares and fully vested shares totaling 6,190 shares of stock from an initial grant of 7,708 shares of restricted stock made on March 8, 2019; [continued in next footnote]
F3 (v) unvested restricted shares and fully vested shares totaling 7,336 shares of stock from an initial grant of 9,134 shares of restricted stock made on March 8, 2019; (vi) unvested restricted shares and fully vested shares totaling 6,293 shares of stock from an initial grant of 8,868 shares of restricted stock made on March 9, 2018; (vii) unvested restricted shares and fully vested shares totaling 6,813 shares of stock from an initial grant of 10,500 shares of restricted stock, the remainder of which vested on March 8, 2021; (viii) unvested restricted shares and fully vested shares totaling 7,912 shares of stock from an initial grant of 11,147 shares of restricted stock made on March 9, 2018; [continued in next footnote]
F4 (ix) fully vested shares totaling 4,363 shares of stock from an initial grant of 6,359 shares of restricted stock made on March 6, 2015; (x) unvested restricted shares and fully vested shares totaling 6,489 shares of stock from an initial grant of 10,000 shares of restricted stock made on March 8, 2017; (xi) fully vested shares totaling 3,394 shares of stock from an initial grant of 5,000 shares of restricted stock made on October 11, 2016; (xii) unvested restricted shares and fully vested shares totaling 4,980 shares of stock from an initial grant of 10,000 shares of restricted stock made on April 29, 2016; (xiii) fully vested shares totaling 3,513 shares of stock from an initial grant of 4,958 shares of restricted stock made on November 10, 2015; [continued in next footnote]
F5 (xiv) fully vested shares totaling 2,432 shares of stock from an initial grant of 4,239 shares of restricted stock made on March 6, 2015; (xv) fully vested shares totaling 764 shares of stock from an initial grant of 1,731 shares of restricted stock made on March 7, 2014; (xvi) fully vested shares totaling 878 shares of stock from an initial grant of 3,246 shares of restricted stock and performance made on March 11, 2013; and (xvii) fully vested shares totaling 1,200 shares from an initial grant of 4,800 shares of restricted stock made on March 7, 2012.
F6 Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.
F7 Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.