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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (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 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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (3) | 11/02/2011 | D(4) | 7,500 | (4) | (4) | Class A common stock | 7,500 | $ 19 | 0 | D | ||||
| Restricted Stock Units | (3) | 11/02/2011 | D(5) | 12,000 | (5) | (5) | Class A common stock | 12,000 | $ 19 | 0 | D | ||||
| Stock Option (right to buy) | $ 15.5 | 11/02/2011 | D(6) | 249,563.57 | (7) | 08/11/2019 | Class A common stock | 249,563.57 | $ 3.5 | 0 | D | ||||
| Stock Option (right to buy) | $ 15.5 | 11/02/2011 | J(8) | 91,071.43 | (7) | 08/11/2019 | Class A common stock | 91,071.43 | (8) | 0 | D | ||||
| Stock Option (right to buy) | $ 15.5 | 11/02/2011 | D(6) | 85,000 | (9) | 08/11/2019 | Class A common stock | 85,000 | $ 3.5 | 0 | D | ||||
| Stock Option (right to buy) | $ 16.51 | 11/02/2011 | D(6) | 48,000 | (10) | 03/11/2020 | Class A common stock | 48,000 | $ 2.49 | 0 | D | ||||
| Stock Option (right to buy) | $ 15.42 | 11/02/2011 | D(6) | 50,000 | (11) | 03/01/2021 | Class A common stock | 50,000 | $ 3.58 | 0 | D | ||||
| Limited Liability Co. Interests (Units) | (12) | 11/02/2011 | J(13) | 109,365 | (14) | (12) | Class A common stock | 109,365 | $ 19 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| STEVENS GREGORY T C/O EMDEON INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE, TN 37214 |
Exec.VP, General Counsel/Sec'y | |||
| /s/ Denise Ceule, Attorney in Fact | 11/04/2011 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | On October 20, 2011, 345 shares were purchased under the Emdeon Inc. Employee Stock Purchase Plan, of which the issuer retained 38 shares to satisfy certain tax withholding obligations in connection with such purchase. |
| (2) | Disposed of pursuant to the merger agreement dated August 3, 2011 by and among the issuer, Beagle Parent Corp. ("Parent") and Beagle Acquisition Corp. ("Merger Sub") providing for the merger of Merger Sub with and into the issuer effective as of as of November 2, 2011 (the "Merger") pursuant to which the shares were cancelled in exchange for a cash payment equal to $19.00 per share. |
| (3) | Each restricted stock unit represented a contingent right to receive one share of Class A common stock. |
| (4) | The restricted stock units were scheduled to vest in equal annual installments of 2500 shares each on the second, third and fourth anniversaries of the March 11, 2010 grant date. Vesting was accelerated in connection with the Merger and each restricted stock unit was cancelled in exchange for a cash payment of $19.00 per share. |
| (5) | The restricted stock units were scheduled to vest in equal annual installments on the first four anniversaries of the March 1, 2011 grant date. Vesting was accelerated in connection with the Merger and each restricted stock unit was cancelled in exchange for a cash payment of $19.00 per share. |
| (6) | The stock options were cancelled pursuant to the Merger in exchange for a cash payment equal to the difference between the exercise price of the stock options and $19.00, multiplied by the number of shares subject to the stock options. |
| (7) | The stock options were scheduled to vest in equal annual installments over three years from the August 11, 2009 grant date. Vesting was accelerated in connection with the Merger. |
| (8) | The stock options were assumed by Parent in the Merger and replaced with options to acquire a number of shares of common stock of Parent at an exercise price that preserves the aggregate "spread" value of the exchanged options (the difference between the exercise price of the stock options and $19.00). |
| (9) | The stock options were scheduled to vest in equal annual installments over four years from the August 11, 2009 grant date. Vesting was accelerated in connection with the Merger. |
| (10) | The stock options were scheduled to vest in equal annual installments over four years from the March 11, 2010 grant date. Vesting was accelerated in connection with the Merger. |
| (11) | The stock options were scheduled to vest in equal annual installments over four years from the March 1, 2011 grant date. Vesting was accelerated in connection with the Merger. |
| (12) | In accordance with the terms of EBS Master LLC's ("EBS Master") operating agreement, each vested Unit of EBS Master (an "EBS Unit") (along with a corresponding share of the issuer's Class B common stock) was exchangeable at any time for one share of the issuer's Class A common stock, or at the election of EBS Master, cash equal to the fair market value of the EBS Unit. The EBS Units did not expire and the reporting person was not required to pay an exercise price in connection with exchanges. The corresponding shares of Class B common stock provided the holder with one vote on all matters submitted to a vote of the issuer's stockholders but did not entitle the holder to any of the economic rights associated with shares of the issuer's Class A common stock. |
| (13) | Sold to EBS Holdco I, LLC, a wholly-owned subsidiary of the issuer, in connection with the Merger in exchange for a cash payment of $19.00 per EBS Unit. In connection with the Merger, each share of Class B common stock corresponding to a vested EBS Unit was cancelled for no consideration. |
| (14) | Of the EBS Units (which were originally granted with corresponding shares of Class B common stock), 19,443 were vested as of the August 11, 2009 grant date, 12,152 were subject to vesting in equal annual installments on May 26, 2010, May 26, 2011, May 26, 2012 and May 26, 2013 and 77,770 were subject to vesting in equal annual installments on June 1, 2010, June 1, 2011, June 1, 2012 and June 1, 2013. Vesting was accelerated in connection with the Merger. |