MARK B. MEDLEY - 01 Jun 2021 Form 4 Insider Report for COMMUNITY HEALTH SYSTEMS INC (CYH)

Role: Regional President
Signature: Christopher G. Cobb, Attorney in Fact for Mark B Medley
Issuer symbol: CYH
Transactions as of: 01 Jun 2021
Transactions value $: -$18,817
Form type: 4
Filing time: 02 Jun 2021, 16:30:39 UTC
Previous filing: 20 May 2021
Next filing: 02 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYH	Common Stock	Tax liability	-$18,817	-1,163	-2.9%	$16.18^*	38,645	01 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CYH	Performance Based Restricted	15,000	01 Jun 2021	Common Stock	15,000	$0	Direct	F1
holding	CYH	Performance Based Restricted	15,000	01 Jun 2021	Common Stock	15,000	$0	Direct	F2
holding	CYH	Stock Options (Right to Buy)	12,000	01 Jun 2021	Common Stock	12,000	$2.66	Direct
holding	CYH	Stock Options (Right to Buy)	15,000	01 Jun 2021	Common Stock	15,000	$4.93	Direct
holding	CYH	Stock Options (Right to Buy)	15,000	01 Jun 2021	Common Stock	15,000	$8.81	Direct

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

Explanation of Responses:

Id	Content
F1	The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2020 and 12/31/2022 (the "2020-2022 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2020-2022 Performance Period.
F2	The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2021 and 12/31/2023 (the "2021-2023 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2021-2023 Performance Period.

Content

The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2020 and 12/31/2022 (the "2020-2022 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2020-2022 Performance Period.

The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 1/1/2021 and 12/31/2023 (the "2021-2023 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. Between 0% and 200% of the portion of the target number of performance-based restricted shares allocated to each applicable performance objective will ultimately vest on the third anniversary of the date of grant, subject to the attainment of the applicable performance objective, with the vesting percentage to be determined based upon the level of achievement with respect to the applicable performance objective during the 2021-2023 Performance Period.