HCA execs in big options transactions Four hospital company big wigs exercise options and add a healthy chunk of change to their net worth
NashvillePost.com
By
Walker Duncan
12-19-2008 6:43 AM —
Perusing SEC filings late yesterday,
NashvillePost.com discovered a number of large transactions that have boosted the net worth of a cadre of upper-echelon HCA executives.
Leading off the filings was Western Group President
Samuel Hazen, who exercised
28,123 options at $12.75, then paid for that transaction by giving up 14,151 shares at $55.86. The move left Hazen with a paper gain of $432,000.
Moving up the line, Senior Vice President
Vic Campbell exercised options on
55,215 shares before forfeiting 27,033 of them. In the process, Campbell generated a gain of a little more than $800,000.
CFO
Milton Johnson exercised his options to buy
87,180 shares and offloaded about 44,400 of them at the $55.86 mark. His net worth gain: $1.4 million.
But truly leading the pack was General Counsel
Robert Waterman, who acquired
$1.78 million worth of shares via options before forfaiting 70,920 shares at $55.86 for $3.96 million. Waterman's paper profit: $2.2 million.
All told, the group boosted its net worth by roughly $4.8 million.
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