Statement of Changes in Beneficial Ownership (4)
March 02 2020 - 6:40PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Krishnan K Ranga |
2. Issuer Name and Ticker or Trading Symbol
COMMUNITY HEALTH SYSTEMS INC
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CYH
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
4000 MERIDIAN BOULEVARD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2020 |
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(Street)
FRANKLIN, TN 37067
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 3/1/2020 | | M | | 12373 | A | $0.00 (1) | 24746 | D | |
| Common Stock | 3/1/2020 | | M | | 11356 | A | $0.00 (1) | 36102 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Units | $0.00 | 3/1/2020 | | M | | | 12373 | 3/1/2019 | 2/28/2028 | Common Stock | 12373 | $0.00 | 12372 | D | |
| Restricted Stock Units | $0.00 | 3/1/2020 | | M | | | 11356 | 3/1/2020 | 2/28/2029 | Common Stock | 11356 | $0.00 | 22712 | D | |
| Restricted Stock Units | $0.00 | 3/1/2020 | | A | | 34483 | | 3/1/2021 (2) | 2/28/2030 | Common Stock | 34483 | $4.93 (1) | 34483 | D | |
| Stock Units (SU) | $0.00 | | | | | | | (3) | (3) | Common Stock | 37957.011 | | 37957.011 | D | |
| Explanation of Responses: |
| (1) | The security converts to common stock on a one-to-one basis. |
| (2) | The Restricted Stock Units vest in 1/3 increments on the first, second and third anniversary date of the date of grant. Based on the Reporting Peron'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. |
| (3) | 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Krishnan K Ranga
4000 MERIDIAN BOULEVARD
FRANKLIN, TN 37067 | X |
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Signatures
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| Christopher G. Cobb, Attorney in Fact for K Ranga Krishnana | | 3/2/2020 |
| **Signature of Reporting Person | Date |
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