HNGR Hanger Inc

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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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) 2/18/2020
(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	2/18/2020		A(1)		6056	A	$0	63832 (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)	Represents performance shares being issued to the reporting person based on the achievement of performance targets for the period beginning January 1, 2019 and ending on December 31, 2019. These performance shares vest in equal tranches over a four year period, commencing on the first anniversary of the grant date.
(2)	Includes (i) unvested restricted shares totaling 6,056 shares of stock from an initial grant of 6,056 shares of restricted stock that begins to vest on March 8, 2020; (ii)unvested restricted shares and fully vested shares totaling 5,061 shares of stock from an initial grant of 5,583 shares of restricted stock made on March 9, 2018; (iii) 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; (iv) unvested restricted shares and fully vested shares totaling 7,103 shares of stock from an initial grant of 8,400 shares of restricted stock, the remainder of which will vest on March 8, 2020 and 2021; [continued in next footnote]
(3)	(v) unvested restricted shares and fully vested shares totaling 6,361 shares of stock from an initial grant of 7,017 shares of restricted stock made on March 9, 2018; (vi) unvested restricted shares and fully vested shares totaling 6,660 shares of stock from an initial grant of 8,000 shares of restricted stock made on March 8, 2017; (vii) unvested restricted shares and fully vested shares totaling 3,886 shares of stock from an initial grant of 5,000 shares of restricted stock made on October 11, 2016; (viii) unvested restricted shares and fully vested shares totaling 5,531 shares of stock from an initial grant of 7,500 shares of restricted stock made on April 29, 2016; and (ix) 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		2/20/2020
**Signature of Reporting Person		Date