Statement of Changes in Beneficial Ownership (4)

Date : 08/06/2019 @ 8:24PM
Source : Edgar (US Regulatory)
Stock : Hanger Inc (HNGR)
Quote : 26.9  0.19 (0.71%) @ 9:02PM
After Hours
Last Trade
Last $ 26.90 ◊ 0.00 (0.00%)

Statement of Changes in Beneficial Ownership (4)

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
                                                                                  
OMB APPROVAL
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
                      

1. Name and Address of Reporting Person *

Ranson Scott
2. Issuer Name and Ticker or Trading Symbol

HANGER, INC. [ HNGR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP, Chief Info Officer *
(Last)          (First)          (Middle)

10910 DOMAIN DRIVE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

8/5/2019
(Street)

AUSTIN, TX 78758
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/5/2019     F (1)    1923   D $16.98   58243   (2) (3) (4) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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
Stock Options (right to buy)   $12.77                      (5) 5/19/2027   Common Stock   47494     47494   D    
Performance Share Units     (6)                    (6) 5/19/2020   Common Stock   18998     18998   D    

Explanation of Responses:
(1)  Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock previously issued.
(2)  Includes (i) unvested restricted shares and fully vested shares totaling 5,061 shares of stock from an initial grant of 5,583 shares of restricted stock that begins to vest on March 9, 2019; (ii) unvested restricted shares totaling 7,177 shares of stock from an initial grant of 7,177 shares of restricted stock that beings to vest on March 8, 2020; (iii) unvested restricted shares and fully vested shares totaling 7,103 shares of stock from an initial grant of 8,400 shares of restricted stock, 25% of which vested on May 17, 2018 and the remainder of which will vest on March 8, 2019, 2020 and 2021; (iv) unvested restricted shares and fully vested shares totaling 6,361 shares of stock from an initial grant of 7,017 shares of restricted stock that begins to vest on March 9, 2019; [continued in next footnote]
(3)  (iv) unvested restricted shares and fully vested shares totaling 6,660 shares of stock from an initial grant of 8,000 shares of restricted stock that begins to vest on March 8, 2018; (vi) unvested restricted shares and fully vested shares totaling 4,353 shares of stock from an initial grant of 5,000 shares of restricted stock that begins to vest on October 11, 2017; (vii) unvested restricted shares and fully vested shares totaling 5,531 shares of stock from an initial grant of 7,500 shares of restricted stock that begins to vest on March 7, 2017 and (viii) 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.
(4)  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.
(5)  Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
(6)  Performance share units ("PSUs") were granted under the Company's Special Equity Plan. Each PSU represents a contingent right to receive one share of common stock if predetermined levels of absolute common stock price compounded annual growth rate are achieved over a three-year performance period ending on the third anniversary of the grant date. The number of PSUs shown in the table represents the maximum number that could be earned; the target number is one-half the maximum number.

Remarks:
* Executive Vice President, Corporate Services and Chief Information Officer

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ranson Scott
10910 DOMAIN DRIVE, SUITE 300
AUSTIN, TX 78758


EVP, Chief Info Officer *

Signatures
/s/ Jessica Lochmann Allen, Attorney-in-Fact for Scott Ranson 8/6/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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