[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response. . . . . 0.5 |
1. Name and Address of Reporting Person* Schochet, Barry P |
2. Issuer Name and Ticker or Trading Symbol Tenet Healthcare Corporation THC 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) |
4. Statement for (Month/Year) December 2002 5. If Amendment, Date of Original (Month/Year) |
6. Relationship of Reporting Person(s) to Issuer Director 10% Owner X Officer Other Officer/Other Description Vice Chairman 7. Individual or Joint/Group Filing (Check Applicable Line) X Individual Filing Joint/Group Filing |
1. Title of Security (Instr. 3) |
2. Transaction Date (Month/Day/Year) |
3. Transaction Code and Voluntary Code (Instr. 8) |
4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) |
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) |
6. Owner- ship Form: Direct(D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
Common Stock | |
63,661 | ||||
Schochet, Barry P - December 2002 |
Form 4 (continued) |
(e.g., puts, calls, warrants, options, convertible securities) |
1. Title of Derivative Security (Instr. 3) |
2. Conver- sion or Exercise Price of Deri- vative Security |
3. Transaction Date (Month/ Day/ Year) |
4. Transaction Code and Voluntary (V) Code (Instr.8) |
5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5) |
6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr.5) |
9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4) |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) |
11. Nature of Indirect Beneficial Ownership (Instr.4) |
2002 B Option (Right to Buy) |
$17.56 | 12/10/2002 | (A) 275,000 | Common Stock - 275,000 | |
275,000 | ||||
1999 B Option (Right to Buy) |
$12.50 | |
Common Stock - 180,000 | |
180,000 | |||||
1999 C Option (Right to Buy) |
$11.12 | |
Common Stock - 135,000 | |
135,000 | |||||
2001 D Option (Right to Buy) |
$40.41 | |
Common Stock - 195,000 | |
195,000 | |||||
** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. |
________________________________ __________________ ** Signature of Reporting Person Date Barry P Schochet Page 2 |
Schochet, Barry P - December 2002 |
Form 4 (continued) |
Form 4 - December 2002 Barry P Schochet3820 State Street Santa Barbara, CA 93105 Explanation of responses: (1) These options vest four years from the grant date but are subject to accelered vesting. One-third of the options will vest one year from the grant date if the stock price has reached $24 or above and has been at that price level for 20 consecutive trading days. If the stock price is below that level, then one-third of the options will vest at any time after the first anniversary that the stock price is at least $24 and has been so for at least 20 consecutive trading days. An additional one-third of the options will vest two years from the grant date if the stock price has reached $27 or above and has been at that price level for 20 consecutive trading days. If the stock price on the second anniversary is below that level, then the additional one-third of the options will vest at any time after the second anniversary that the stock price is at least $27 and has been so for at least 20 consecutive trading days. The remaining one-third of the options will vest three years from the grant date if the stock price has reached $30 or above and has been at that price level for 20 consecutive trading days. If the stock price on the third anniversary is below that level, then the remaining one-third will vest at any time after the third anniversary that the stock price is at least $30 and has been so for at least 20 consecutive trading days. |
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