Sec Form 4 Filing - CHARRETTE EDMOND E @ HANGER ORTHOPEDIC GROUP INC - 2008-06-25

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
CHARRETTE EDMOND E
2. Issuer Name and Ticker or Trading Symbol
HANGER ORTHOPEDIC GROUP INC [ HGR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
5 CLYDE PLACE
3. Date of Earliest Transaction (MM/DD/YY)
06/25/2008
(Street)
LEXINGTON, MA02420
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 06/25/2008 S 895 D $ 15.24 40,627 D
Common Stock 06/25/2008 S 100 D $ 15.25 40,527 D
Common Stock 06/25/2008 S 200 D $ 15.257 40,327 D
Common Stock 06/25/2008 S 2,400 D $ 15.26 37,927 D
Common Stock 06/25/2008 S 1,000 D $ 15.265 36,927 D
Common Stock 06/25/2008 S 100 D $ 15.2675 36,827 D
Common Stock 06/25/2008 S 2,650 D $ 15.27 34,177 D
Common Stock 06/25/2008 S 100 D $ 15.272 34,077 D
Common Stock 06/25/2008 S 50 D $ 15.2725 34,027 D
Common Stock 06/25/2008 S 550 D $ 15.275 33,477 D
Common Stock 06/25/2008 S 200 D $ 15.2775 33,277 D
Common Stock 06/25/2008 S 500 D $ 15.28 32,777 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
Non-Qualified Stock Option $ 18.625 05/22/1999( 1 ) 05/22/2008 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 14 09/21/2000( 1 ) 09/21/2009 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 5.1875 05/19/2001( 1 ) 05/19/2010 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 1.65 06/05/2002( 1 ) 06/05/2011 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 14 06/04/2003( 1 ) 06/04/2012 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 11.21 06/04/2004( 2 ) 06/04/2013 Common Stock 5,000 5,000 D
Non-Qualified Stock Option $ 16.1 05/07/2005( 2 ) 05/07/2014 Common Stock 5,373 5,373 D
Non-Qualified Stock Option $ 5.09 05/18/2006( 2 ) 05/18/2015 Common Stock 5,000 5,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CHARRETTE EDMOND E
5 CLYDE PLACE
LEXINGTON, MA02420
X
Signatures
/s/ Teri L. Champ, attorney-in-fact 06/27/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This option becomes exercisable to the extent of 25% on the above date and is cumulatively exercisable to the extent of 25% each year thereafter.
( 2 )This option becomes exercisable to the extent of one-third on the above date and is cumulatively exercisable to the extent of one-third each year thereafter.

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