Scott Ranson - May 27, 2021 Form 4 Insider Report for HANGER, INC. (HNGR)

Role: EVP, Chief Info Officer *
Signature: /s/ Jessica Lochmann Allen, Attorney-in-Fact for Scott Ranson
Stock symbol: HNGR
Transactions as of: May 27, 2021
Transactions value $: -$227,730
Form type: 4
Date filed: 6/2/2021, 04:39 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	$606K	+47.5K	+53.62%	$12.77	136K	May 27, 2021	Direct
transaction	HNGR	Common Stock	Tax liability	-$834K	-32.7K	-24.03%	$25.51	103K	May 27, 2021	Direct	F1, F2, F3, F4, F5

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	-47.5K	-100%	$0.00^*	0	May 27, 2021	Common Stock	47.5K	$12.77	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Reflects shares withheld for payment of option cost and taxes.
F2	Includes (i) unvested restricted shares totaling 5,812 shares of stock from an initial grant of 5,812 shares of restricted stock that begins to vest on March 8, 2022; (ii) unvested restricted shares totaling 4,828 shares of stock from an initial grant of 5,326 shares of restricted stock that begins to vest on March 9, 2021; (iii) unvested restricted shares totaling 5,680 shares of stock from an initial grant of 6,265 shares of restricted stock that begins to vest on March 9, 2021; (iv) unvested restricted shares and fully vested shares totaling 4,894 shares of stock from an initial grant of 6,056 shares of restricted stock made on March 8, 2019; [continued in next footnote]
F3	(v) unvested restricted shares and fully vested shares totaling 3,989 shares of stock from an initial grant of 5,583 shares of restricted stock made on March 9, 2018; (vi) unvested restricted shares and fully vested shares totaling 5,800 shares of stock from an initial grant of 7,177 shares of restricted stock made on March 8, 2019; (vii) unvested restricted shares and fully vested shares totaling 5,491 shares of stock from an initial grant of 8,400 shares of restricted stock, the remainder of which vested on March 8, 2021; (viii) unvested restricted shares and fully vested shares totaling 5,014 shares of stock from an initial grant of 7,017 shares of restricted stock made on March 9, 2018; (ix) unvested restricted shares and fully vested shares totaling 5,126 shares of stock from an initial grant of 8,000 shares of restricted stock made on March 8, 2017; [continued in next footnote]
F4	(x) 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; (xi) unvested restricted shares and fully vested shares totaling 4,793 shares of stock from an initial grant of 7,500 shares of restricted stock made on April 29, 2016; and (xii) fully vested shares totaling 15,997 shares of stock from an initial grant of 20,582 shares of restricted stock made on August 3, 2015.
F5	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.
F6	Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.

Remarks:

* Executive Vice President, Corporate Services and Chief Information Officer