Sec Form 4 Filing - Dobson Mitchell D @ HANGER, INC. - 2020-02-18

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
Dobson Mitchell D
2. Issuer Name and Ticker or Trading Symbol
HANGER, INC. [ HNGR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Chief Compliance Officer
(Last) (First) (Middle)
10910 DOMAIN DRIVE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/18/2020
(Street)
AUSTIN, TX78758
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 02/18/2020 A( 1 ) 3,854 A $ 0 25,919 ( 2 ) ( 3 ) ( 4 ) ( 5 ) 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dobson Mitchell D
10910 DOMAIN DRIVE, SUITE 300
AUSTIN, TX78758
SVP, Chief Compliance Officer
Signatures
/s/ Jessica Lochmann Allen, Attorney-in-Fact for Mitchell D. Dobson 02/20/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents performance shares being issued to the reporting person based on the achievement of performance targets for the period beginning January 1, 2019 and ending on December 31, 2019. These performance shares vest in equal tranches over a four year period, commencing on the first anniversary of the grant date.
( 2 )Consists of (i) unvested restricted shares totaling 3,854 shares of stock from an initial grant of 3,854 shares of restricted stock that begins to vest on March 8, 2020; (ii) unvested restricted shares totaling 4,567 shares of stock from an initial grant of 4,567 shares of restricted stock that begins to vest on March 8, 2020; (iii) unvested restricted shares and fully vested shares totaling 4,514 shares of stock from an initial grant of 5,000 shares of restricted stock made on March 9, 2018; [continued in next footnote]
( 3 )(iv) unvested restricted shares and fully vested shares totaling 4,069 shares of stock from an initial grant of 5,000 shares of restricted stock made on March 8, 2017; (v) unvested restricted shares and fully vested shares totaling 2,911 shares of stock from an initial grant of 4,150 shares of restricted stock made on April 29, 2016; (vi) fully vested shares totaling 1,247 shares of stock from an initial grant of 1,653 shares of restricted stock made on November 10, 2015; [continued in next footnote]
( 4 )(vi) fully vested shares totaling 119 shares of stock from an initial grant of 200 shares of restricted stock made on March 6, 2015; (vii) fully vested shares totaling 2,179 shares of stock from an initial grant of 3,604 shares of restricted stock made on March 6, 2015; (viii) fully vested shares totaling 990 shares of stock from an initial grant of 1,598 shares of restricted stock made on March 7, 2014; (ix) fully vested shares totaling 827 shares of stock from an initial grant of 1,800 shares of restricted stock made on March 11, 2013; (x) fully vested shares totaling 428 shares from an initial grant of 1,400 shares of restricted stock made on March 7, 2012; and (xi) fully vested shares totaling 214 shares from an initial grant of 1,400 shares of restricted stock made on March 25, 2011.
( 5 )Except as otherwise noted, all remaining unvested restricted shares will continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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