Health Net 2015 Annual Report Download - page 155

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(1) Unless otherwise indicated, beneficial ownership consists of sole power to vote or direct the vote and sole power to dispose or direct the disposition of
the shares listed, subject to community property laws where applicable.
(2) Based on a Schedule 13G/A filed with the SEC on January 26, 2016 by BlackRock, Inc. (“BlackRock”). BlackRock maintains sole voting power over
5,137,474 and sole dispositive power over all 5,441,884 shares beneficially owned.
(3) Based on a Schedule 13G/A filed with the SEC on February 11, 2016 by The Vanguard Group, Inc. (“Vanguard”), an investment adviser. Vanguard, in
its capacity as investment adviser, may be deemed to beneficially own the shares, and has sole voting power over 55,795 shares, shared voting power
over 4,100 shares, sole dispositive power over 5,142,392 shares and shared dispositive power over 55,195 shares. Vanguard Fiduciary Trust Company, a
wholly owned subsidiary of Vanguard, is the beneficial owner of 51,095 shares as a result of its serving as investment manager of collective trust
accounts. Vanguard Investments Australia, Ltd., a wholly owned subsidiary of Vanguard, is the beneficial owner of 8,800 shares as a result of its serving
as investment manager of Australian investment offerings.
(4) Based on a Schedule 13G/A filed with the SEC on February 10, 2016 by Harris Associates Inc. and Harris Associates L.P. (“Harris”), an investment
adviser. Harris, by reason of advisory and other relationships with the person who owns the shares, may be deemed to be beneficial owner of the shares
and has sole voting and dispositive power over 3,850,983 shares beneficially owned.
Security Ownership of Management
Unless otherwise noted, the following table sets forth the number of shares of Common Stock beneficially owned
on February 16, 2016 by each non-employee director of Health Net currently serving on the Board of Directors, by each
named executive officer of the Company and by all current directors and executive officers as a group, and the
percentage that these shares bear to the total number of shares of Common Stock outstanding as of February 16, 2016.
For purposes of the following table, beneficial ownership includes all shares the applicable non-employee director or
executive officer owns or has the right to acquire within 60 days of February 16, 2016 and assumes that neither a
change in control of the Company nor a termination of employment or service will occur within that 60 day period.
Name of Beneficial Owner
Amount and Nature
of Beneficial
Ownership(**) Footnote Percent of Class
Non-Employee Directors
Mary Anne Citrino 28,169 1 *
Theodore F. Craver, Jr. 85,806 2 *
Vicki B. Escarra 23,366 3 *
Gale S. Fitzgerald 55,075 4 *
Roger F. Greaves 128,600 5 *
Douglas M. Mancino 0 6 *
George Miller 0 7 *
Bruce G. Willison 92,917 8 *
Frederick C. Yeager 19,062 9 *
Named Executive Officers
Jay M. Gellert 1,812,841 10 2.34%
James E. Woys 597,437 11 *
Juanell Hefner 51,962 12 *
Steven D. Tough 138,954 13 *
Steven J. Sell 46,676 14 *
All current directors and executive officers as a group (17 persons) 3,130,720 15 4.05%