Team Health Holdings's Executive Chairman just cashed-in 15,000 options

H. Lynn Massingale, Team Health Holdings's Executive Chairman and a director of the company, recently cashed-in 15,000 options. The options were exercised at $14.93, while the disposals took place at $49.96 per share, on June 30, 2014. Massingale continues to hold 69,321 shares of the company. Massingale operates out of Knoxville, TN. Some additional info was provided as follows:

These stock options were exercised and the option shares were sold pursuant to Rule 10b5-1 Sales Plan dated March 31, 2014 between H. Lynn Massingale and Morgan Stanley Smith Barney, LLC. This price represents the exercise price set forth in the Nonqualified Stock Agreement between the Shareholder and Team Health Holdings, Inc. dated December 14, 2009. These shares are held by The H. Lynn Ma ssingale Trust, of which the Reporting Person is the trustee and sole vested beneficiary. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.81 to $50.18, inclusive. The reporting person undertakes to provide to Team Health Holdings, Inc., any security holder of Team Health Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The stock options are fully vested and excercisable.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Team Health Holdings next reports earnings on July 28, 2014.

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