Sec Form 4 Filing - RACIOPPI MICHAEL @ HENRY SCHEIN INC - 2014-02-27

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
RACIOPPI MICHAEL
2. Issuer Name and Ticker or Trading Symbol
HENRY SCHEIN INC [ HSIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP Chief Merchandising Offic.
(Last) (First) (Middle)
C/O HENRY SCHEIN, INC., 135 DURYEA ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/27/2014
(Street)
MELVILLE, NY11747
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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, par value $0.01 per share 02/27/2014 A 4,631 ( 1 ) A $ 0 30,667 D
Common Stock, par value $0.01 per share 02/28/2014 M 8,713 A $ 47.31 39,380 D
Common Stock, par value $0.01 per share 02/28/2014 S 6,513 D $ 118.77 ( 2 ) 32,867 D
Common Stock, par value $0.01 per share 02/28/2014 S 2,200 D $ 119.33 ( 3 ) 30,667 D
Common Stock, par value $0.01 per share 02/28/2014 M 9,901 A $ 51.23 40,568 D
Common Stock, par value $0.01 per share 02/28/2014 S 7,301 D $ 118.76 ( 4 ) 33,267 D
Common Stock, par value $0.01 per share 02/28/2014 S 2,600 D $ 119.32 ( 5 ) 30,667 D
Common Stock, par value $0.01 per share 298 I By 401(k) plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
SERP Phantom Stock ( 6 ) ( 7 ) 02/27/2014( 6 ) A 2,176 ( 8 ) ( 9 ) ( 9 ) Common Stock, par value $0.01 per share 2,176 ( 8 ) ( 10 ) 2,176 ( 8 ) D
Stock Option (Right to Buy) ( 11 ) $ 47.31 02/28/2014 M 8,713 ( 12 ) 03/02/2016 Common Stock, par value $0.01 per share 8,713 $ 0 0 D
Stock Option (Right to Buy) ( 11 ) $ 51.23 02/28/2014 M 9,901 ( 13 ) 03/05/2017 Common Stock, par value $0.01 per share 9,901 $ 0 9,901 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RACIOPPI MICHAEL
C/O HENRY SCHEIN, INC.
135 DURYEA ROAD
MELVILLE, NY11747
SVP Chief Merchandising Offic.
Signatures
/s/ Jennifer Ferrero (as Attorney-in-Fact for Michael Racioppi) 03/03/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of restricted stock units (RSUs) pursuant to the Issuer's 2013 Stock Incentive Plan. 65% will vest subject to (x) Issuer's achievement of a specified performance goal and (y) reporting person's continued performance of services for the Issuer. 35% will vest subject to (x) passage of a specified period of time and (y) reporting person's continued performance of services for the Issuer. With respect to the performance-based RSUs, if the continued service requirement is satisfied and achievement of the performance goal (x) exceeds 100% of target, the Issuer may issue additional vested shares of common stock in an amount that corresponds to the incremental percentage of the performance goal achieved in excess of 100% of target or (y) is less than 100% of target, the reporting person will surrender to the Issuer shares of common stock in an amount that corresponds to the incremental percentage of the performance goal achieved that is below 100% of target (i.e., shortfall).
( 2 )The price reflects a weighted average of sales made at prices ranging from $118.21 to $119.13 per share. The Reporting Person, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, will provide full information regarding the number of shares sold at each separate price for this transaction.
( 3 )The price reflects a weighted average of sales made at prices ranging from $119.22 to $119.49 per share. The Reporting Person, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, will provide full information regarding the number of shares sold at each separate price for this transaction.
( 4 )The price reflects a weighted average of sales made at prices ranging from $118.16 to $119.14 per share. The Reporting Person, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, will provide full information regarding the number of shares sold at each separate price for this transaction.
( 5 )The price reflects a weighted average of sales made at prices ranging from $119.16 to $119.47 per share. The Reporting Person, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, will provide full information regarding the number of shares sold at each separate price for this transaction.
( 6 )This Form 4 includes the reporting person's balance in the Issuer's Supplemental Executive Retirement Plan ("SERP") that is hypothetically invested in the Issuer's stock fund, representing exempt transactions in the SERP since the reporting person's initial participation therein.
( 7 )The investment return on contributions in the SERP is generally equal to the earnings and losses that would occur if 100% of the contributions were invested, as directed by the reporting person, among the investment alternatives available under the plan (including the Issuer's stock fund). The reporting person may change his hypothetical investment in the investment alternatives (including the Issuer's stock fund) to an alternative hypothetical investment at any time. Vested balances in the SERP are cash-settled only.
( 8 )Represents the aggregate number of shares of phantom stock allocated to the reporting person under the SERP as of the date hereof based on the closing price of a share of the Issuer's common stock on February 27, 2014.
( 9 )The vested balance in the reporting person's SERP account is payable in cash only following the six-month anniverary of a termination of employment or within 30 days following a change in control of the Issuer. Subject to the terms of the SERP, the reporting person may change his hypothetical investment in the investment alternatives (including the Issuer's stock fund) to an alternative hypothetical investment at any time.
( 10 )The number of shares of phantom stock allocated to the reporting person under the SERP is determined by dividing the amount of deferred eligible director compensation by the closing price of a share of Issuer common stock on each applicable award date.
( 11 )Acquired pursuant to the Issuer's 1994 Stock Incentive Plan, as amended (now known as the Issuer's 2013 Stock Incentive Plan).
( 12 )The option vested in four equal installments on each of March 2, 2007, March 2, 2008, March 2, 2009 and March 2, 2010.
( 13 )The option vested in four equal installments on each of March 5, 2008, March 5, 2009, March 5, 2010 and March 5, 2011.

Remarks:
Exhibit 24 - Limited Power of Attorney

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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