Sec Form 4 Filing - HAMMONS KEVIN J @ COMMUNITY HEALTH SYSTEMS INC - 2015-03-02

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
HAMMONS KEVIN J
2. Issuer Name and Ticker or Trading Symbol
COMMUNITY HEALTH SYSTEMS INC [ CYH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior VP and CAO
(Last) (First) (Middle)
4000 MERIDIAN BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
03/02/2015
(Street)
FRANKLIN, TN37067
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 03/02/2015 M 8,000 A $ 40.41 64,841 D
Common Stock 03/02/2015 S 8,000 D $ 50.0481 ( 1 ) 56,841 D
Common Stock 03/03/2015 S 10,640 D $ 49.4 46,201 D
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
Stock Options (Right to Buy) $ 40.41 03/02/2015 M 8,000 07/25/2008 07/24/2015 Common Stock 8,000 $ 0 0 D
Stock Options (Right to Buy) $ 32.28 02/27/2009 02/26/2018 Common Stock 1,500 1,500 D
Stock Options (Right to Buy) $ 33.9 02/24/2011 02/23/2020 Common Stock 1,000 1,000 D
Stock Options (Right to Buy) $ 37.96 02/23/2012 02/22/2021 Common Stock 1,000 1,000 D
Stock Options (Right to Buy) $ 21.07 02/16/2013 02/15/2022 Common Stock 4,000 4,000 D
Performance Based Restricted $ 0 ( 2 ) ( 2 ) Common Stock 13,333 13,334 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HAMMONS KEVIN J
4000 MERIDIAN BOULEVARD
FRANKLIN, TN37067
Senior VP and CAO
Signatures
Christopher G. Cobb, Attorney in Fact for Kevin J. Hammons 03/03/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were sold in a series of transactions at an average sales price of $50.0481 per share.
( 2 )Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The award was granted on 03/01/14. The performance target on the remaining portion of the award may be met in whole or in part in the second year following the grant. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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