1
EXHIBIT 4.5
THIS WARRANT AND THE SECURITIES ISSUABLE UPON ITS EXERCISE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR ANY STATE SECURITIES LAW, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES
ACT OR IN A TRANSACTION WHICH, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY
TO COVENTRY HEALTH CARE, INC., IS EXEMPT FROM SUCH REGISTRATION.
COVENTRY HEALTH CARE, INC.
COMMON STOCK PURCHASE WARRANT
Attached hereto as Exhibit 1 is a list (the "Option List") of issued
and outstanding options (each, an "Option"), and warrants (each, a "Warrant,"
and together with the Options the "Option Securities") that give the respective
holders thereof the right to acquire shares of Common Stock, par value $0.01 per
share (the "Common Stock"), of COVENTRY HEALTH CARE, INC., a Delaware
corporation (the "Company"). The Option List sets forth the name of each holder
of an Option Security, the date on which such Option Security may be exercised,
the date on which such Option Security expires, and the exercise price per share
of Common Stock issuable upon the exercise of such Option Security. Reference is
made herein to that certain Capital Contribution and Merger Agreement (effective
as of November 3, 1997, and amending and restating the Capital Contribution and
Share Exchange Agreement dated November 3, 1997), executed on December 19, 1997
(the "Merger Agreement"), by and among the Company, Coventry Health Care, Inc.
(a Maryland corporation), Coventry Corporation, a Tennessee corporation,
Principal Mutual Life Insurance Company, an Iowa mutual insurance company
("Principal Mutual"), Principal Holding Company, an Iowa corporation, and
Principal Health Care, Inc., an Iowa corporation ("Principal"). Capitalized
terms not herein defined shall have the meanings ascribed thereto in the Merger
Agreement.
The Company hereby certifies that, for value received, Principal or its
successor or assigns (the "Holder"), is entitled, subject to the terms set forth
below, to purchase from the Company, at any time and from time to time during
the period beginning on the date hereof and ending on the latest date of
expiration set forth on the Option List (the "Exercise Period") for each Option
Security set forth on the Option List (and only during the period from the date
each such Option Security is exercised and ending on the later of the
termination date of the Option Security without regard to the actual date of
exercise by the holder of the Option Security, or the thirtieth day after Holder
receives notice from the Company of the exercise of the Option Security) a
corresponding number of shares of Common Stock equal to 66 2/3% of the number of
shares of Common Stock purchasable under such Option Security, at the exercise
price set forth on the Option List for such Option Security, provided that in
the event any Option Security shall not have been exercised and shall be
cancelled, then the right to purchase hereunder shall be correspondingly reduced
by 66 2/3% of the number of shares of Common Stock covered by such cancelled
option. This Warrant is herein called the "Principal Warrant."
2
1. EXERCISE OF WARRANT.
1.1 Delivery of Exercise Notice. During the Exercise Period,
on or before the fifth business day immediately following the last calendar day
of March, June, September and December during each year of the Exercise Period,
and at least twenty (20) days before any meeting of the Company's shareholders
or any other action involving a vote of the Company's Common Stock, the chief
financial officer of the Company shall deliver to the Holder a written notice
(each, a "Warrant Notice") that sets forth (i) the number of shares of Common
Stock that the Holder shall thereafter be entitled to purchase, which number
shall be equal to the product of (x) 66 2/3% and (y) the number of shares of
Common Stock that were issued by the Company upon the exercise of any Option
Securities since the last Warrant Notice through the record date for the
shareholder meeting or voting event requiring the immediate Warrant Notice or,
in all other cases, through the period ending thirty (30) days before such
Warrant Notice; (ii) the price per share (the "Notice Price") received by the
Company upon such exercise of each of such Option Securities; and (iii) a
description of any Option Securities that have expired or have been canceled
during the same period.
1.2 Exercise. The purchase rights evidenced by this Warrant
shall be exercised by the Holder delivering to the Company a written notice
substantially in the form attached as Exhibit 2 hereto (the "Exercise Notice"),
duly executed by such Holder, accompanied by payment (the "Exercise Payment") of
an amount equal to the Notice Price multiplied by the number of shares being
purchased pursuant to such exercise, payable as follows: (a) by payment to the
Company in cash, by check, or by wire transfer of the Exercise Payment, or (b)
by surrender to the Company for cancellation of securities of the Company having
a Market Price (as hereinafter defined) on the date of exercise equal to the
Exercise Payment.
For purposes hereof, the term "Market Price" shall mean (a) if
the Common Stock is traded on a national securities exchange, the last reported
sale price of a share of Common Stock, regular way on such date or, in case no
such sale takes place on such date, the average of the closing bid and asked
prices thereof regular way on such date, in either case as officially reported
on the principal national securities exchange on which the Common Stock is then
listed or admitted for trading, or, (b) if the Common Stock is not then listed
or admitted for trading on any national securities exchange but is designated as
a national market system security by the National Association of Securities
Dealers, Inc. ("NASD"), the last reported trading price of the Common Stock on
such date, or (c) if not listed or admitted to trading on any national
securities exchange or designated as a national market system security, the
average of the reported bid and asked price of the Common Stock on such date in
the over-the-counter market as furnished by the National Quotation Bureau, Inc.,
or, if such firm is not then engaged in the business of reporting such prices,
as furnished by any member of the NASD selected by the Company or, (d) if the
shares of Common Stock are not so publicly traded, the fair market value
thereof, as determined in good faith by the Board of Directors of the Company.
2. DELIVERY OF STOCK CERTIFICATES ON EXERCISE. As soon as practicable
after any exercise of this Principal Warrant and receipt of the Exercise
Payment, and in any event within ten business days thereafter, the Company, at
its expense, will cause to be issued in the name
-2-
3
of and delivered to the Holder a certificate or certificates for the number of
fully paid and non-assessable shares of Common Stock or property to which such
holder shall be entitled upon such exercise, plus, in lieu of any fractional
share to which such holder would otherwise be entitled, cash in an amount
determined in accordance with Section 3.5 hereof. The Company agrees that the
shares so purchased shall be deemed to be issued to the holder hereof as the
record owner of such shares as of the close of business on the date the Exercise
Notice shall have been delivered and payment made for such shares as aforesaid.
3. OTHER ADJUSTMENTS. The number of shares of Common Stock issuable
upon exercise of this Principal Warrant shall be subject to adjustment from time
to time in accordance with this Section 3.
3.1 Cancellation or Expiration of Option Convertible
Securities. If any Option Security shall expire or shall be canceled without
being exercised, in whole or in part, and any obligation of the Company to issue
shares of Common Stock thereunder shall terminate, then the right of the Holder
to acquire any shares of Common Stock relating to such canceled Option Security
shall immediately terminate and no longer be in effect.
3.2 Principal Warrant Adjustment. In the event the Exercise
Price and/or the number of shares underlying any Option Security shall be
adjusted as a result of the anti-dilution rights pertaining to such Option
Security, then this Principal Warrant shall likewise be adjusted with respect to
such Option Security.
3.3 Reorganization, Reclassification, Consolidation, Merger or
Sale of Assets. If any capital reorganization or reclassification of the capital
stock of the Company, or consolidation or merger of the Company with another
corporation, or the sale of all or substantially all of its assets to another
corporation shall be effected in such a way that holders of Common Stock shall
be entitled to receive stock, securities, cash or other property with respect to
or in exchange for Common Stock, then, as a condition of such reorganization,
reclassification, consolidation, merger or sale, lawful and adequate provision
shall be made whereby the holder of this Principal Warrant shall have the right
to acquire and receive upon exercise of this Principal Warrant such shares of
stock, securities, cash or other property issuable or payable (as part of the
reorganization, reclassification, consolidation, merger or sale) with respect to
or in exchange for such number of outstanding shares of the Company's Common
Stock (the "Reorganization Consideration") as shall equal the product of (x)
forty percent (40%) and (y) any Reorganization Consideration payable to the
holders of the Option Securities in connection with their ownership of such
Option Securities.
3.4 Adjustment by Board of Directors. If any event occurs as
to which, in the opinion of the Board of Directors of the Company, the
provisions of this Section 3 are not strictly applicable or if strictly
applicable would not fairly protect the rights of the holder of this Principal
Warrant in accordance with the essential intent and principles of such
provisions, then the Board of Directors shall make an adjustment in the
application of such provisions, in accordance with such essential intent and
principles, so as to protect such rights as aforesaid.
-3-
4
3.5 Fractional Shares. The Company shall not issue fractions
of shares of Common Stock upon exercise of this Principal Warrant or scrip in
lieu thereof. If any fraction of a share of Common Stock would, except for the
provisions of this Section 3.5, be issuable upon exercise of this Principal
Warrant, the Company shall in lieu thereof pay to the person entitled thereto an
amount in cash equal to the Market Price, calculated to the nearest
one-hundredth (1/100) of a share.
3.6 Officer's Statement as to Adjustments. Whenever the number
of shares issuable upon exercise of this Principal Warrant shall be adjusted as
provided in this Section 3, the Company shall deliver to the Holder, a
statement, signed by the Chief Financial Officer of the Company, showing in
reasonable detail an amended and restated Exhibit 1 to this Principal Warrant
that will be effective after such adjustment.
4. RESERVATION OF STOCK. The Company shall at all times reserve and
keep available out of its authorized but unissued stock, solely for the issuance
and delivery upon the exercise of this Principal Warrant, such number of its
duly authorized shares of Common Stock as from time to time shall be issuable
upon the exercise of this Principal Warrant.
5. REPLACEMENT OF WARRANT. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Principal Warrant and (in the case of loss, theft or destruction) upon
delivery of an indemnity agreement (with surety if reasonably required) in an
amount reasonably satisfactory to it, or (in the case of mutilation) upon
surrender and cancellation thereof, the Company will issue, in lieu thereof, a
new warrant of like tenor.
6. REMEDIES. The Company stipulates that the remedies at law of the
Holder in the event of any default by the Company in the performance of or
compliance with any of the terms of this Principal Warrant are not and will not
be adequate, and that the same may be specifically enforced.
7. NEGOTIABILITY, ETC. This Principal Warrant and any shares of Common
Stock issuable under this Principal Warrant may not be sold, pledged,
hypothecated or otherwise transferred except in accordance with the provisions
of that certain Shareholders' Agreement, of even date herewith, by and among the
Company, Principal and Principal Mutual.
8. NOTICES. All notices, consents, waivers, and other communications
under this Principal Warrant must be in writing and will be deemed to have been
duly given when (a) delivered by hand (with written confirmation of receipt),
(b) sent by telecopier (with written confirmation of receipt) provided that a
copy is mailed by registered mail, return receipt requested, or (c) when
received by the addressee, if sent by a nationally recognized overnight courier
service (receipt requested), in each case to the appropriate address and
telecopier number set forth below (or such other address and telecopier number
as the Company or the Principal may designate by notice to the other party):
-4-
5
(i) if to the Company:
Xxxx Xxxx
Coventry Health Care, Inc.
00 Xxxxxxx Xxxxxxxxx
Xxxxxxxxx, Xxxxxxxxx 00000
Telecopy Number:
with a copy to:
Xxx X. Xxxxxxxx, Esq.
Bass, Xxxxx & Xxxx PLC
0000 Xxxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxx 00000
Telecopy Number: (000) 000-0000
(ii) if to the Principal:
Xxxxxxx X. Xxxxx
Principal Health Care, Inc.
0000 Xxxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxx, Xxxxxxxx 00000
Telecopy Number:
with a copy to:
Xxxxxx X. Xxxxx, Esq.
Xxxxxxx, Xxxxxx & Green, P.C.
0000 00xx Xxxxxx, X.X., Xxxxx 000
Xxxxxxxxxx, X.X. 00000
Telecopy Number: (000) 000-0000
and
Xxxxxx X. Xxxxxx, Esq.
Principal Health Care, Inc.
0000 Xxxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
Telecopy Number: (000) 000-0000
-5-
6
and
Xxxx Xxxxx
Principal Mutual Life Insurance Company
000 Xxxx Xxxxxx
Xxx Xxxxxx, Xxxx 00000
Telecopy Number: (000) 000-0000
and
Xxxxx X. Xxxxx, Esq.
Principal Mutual Life Insurance Company
000 Xxxx Xxxxxx
Xxx Xxxxxx, Xxxx 00000
Telecopy Number: (000) 000-0000
9. HEADINGS, ETC. The headings in this Principal Warrant are for
purposes of reference only, and shall not limit or otherwise affect the meaning
hereof.
10. CHANGE, WAIVER, ETC. Neither this Principal Warrant nor any term
hereof may be changed, waived, discharged or terminated orally but only by an
instrument in writing signed by the party against which enforcement of the
change, waiver, discharge or termination is sought.
11. GOVERNING LAW. THIS PRINCIPAL WARRANT SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO
CONFLICT OF LAWS PRINCIPLES IN EFFECT THEREIN.
-6-
7
IN WITNESS WHEREOF, COVENTRY HEALTH CARE, INC. has caused its duly
authorized officer to execute this Principal Warrant in its name and on its
behalf on the 31st day of March, 1998.
ATTEST: COVENTRY HEALTH CARE, INC.
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxx X. Xxxx
---------------------------- --------------------------------
Name: Xxxxxxx X. Xxxxx Name: Xxxx X. Xxxx
---------------------------- --------------------------------
Title: Secretary Title: President
---------------------------- --------------------------------
Dated: March 31, 1998
----------------------------
-7-
8
EXHIBIT 1
COVENTRY HEALTH CARE, INC.
PERSONNEL SUMMARY
AS OF 3/31/98
Shares Outstanding is greater than 0
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxx, Xxxxxxxx 000580 7/15/97 1993/NQ 15,000 $15.9375 0 0 0 15,000 15,000 0
Xxxxx, Xxxxxxxx 000711 7/15/97 1997/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxx, Xxxxxxxx X. 000162 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000581 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
R00218 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxxx, Xxxxxxxx 000575 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
C00057 9/12/96 1993/NQ 2,000 $12.5000 0 0 0 2,000 2,000 0
Xxxxxx, Xxxxxx X. 000551 11/13/96 1993/NQ 40,000 $11.0000 10,000 10,000 0 30,000 30,000 0
000596 7/15/97 1993/NQ 6,000 $15.9375 0 0 0 6,000 6,000 0
Austin, M.D., Xxxx X. 000004 12/14/89 1989/NQ 1,668 $ 5.0000 0 1,668 0 0 1,668 1,668
000005 12/14/89 1989/NQ 1,666 $ 6.3750 0 1,666 0 0 1,666 1,666
000134 1/ 1/93 93D/NQ 2,000 $11.3150 0 2,000 0 0 2,000 2,000
000135 1/ 1/94 93D/NQ 2,000 $21.2500 0 2,000 0 0 2,000 2,000
000136 1/ 1/95 93D/NQ 2,000 $24.5000 0 2,000 0 0 2,000 2,000
000498 1/ 1/96 93D/NQ 6,000 $20.6250 0 6,000 0 0 6,000 6,000
000556 1/ 1/97 93D/NQ 6,000 $ 9.2656 0 6,000 0 0 6,000 6,000
000720 1/ 1/98 93D/NQ 6,000 $15.2500 0 0 0 6,000 6,000 0
Xxxxxxx, Xxx 000662 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxx, Xxxxx 000597 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxx, Xxx 000663 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxx, Xxxxxx 000598 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
Xxxxxx, Xxxxxx 000447 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000631 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
R00012 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxxxxx, Xxxxxxx 000685 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
Xxxxxxx, Xxxxxx X. 000008 7/ 1/94 1989/NQ 60,000 $18.1250 0 45,000 0 15,000 60,000 45,000
Xxxxxx, Xxxxxx X. 000565 4/17/97 1993/NQ 100,000 $11.7500 0 0 0 100,000 100,000 0
Xxxxxxx, Xxxxxx 000599 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxx, Xxxxxxxx 000600 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxx, Xxxxx X. 000176 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000446 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000632 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
R00018 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
R00019 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxx, Xxxxxxx X. 000706 9/ 2/97 1997/NQ 50,000 $17.4375 0 0 0 50,000 50,000 0
Brahmam, Manu 000177 7/ 1/94 1993/NQ 250 $18.1250 0 126 124 0 126 126
000601 7/15/97 1993/NQ 1,800 $15.9375 0 0 0 1,800 1,800 0
R00020 9/ 6/96 1993/NQ 124 $12.7500 0 62 0 62 124 62
R00021 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
9
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxx, Xxxx 000633 7/15/97 1993/NQ 250 $15.9375 0 0 0 250 250 0
Xxxxxxx, Xxxxx X. 000179 7/ 1/94 1993/NQ 1,000 $18.1250 250 500 500 0 250 250
R00023 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxxxxxxx, Xxxx 000602 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxx, Xxxxxx X. 000183 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
000664 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
R00026 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
Xxxxxx, Xxxx X. 000563 3/27/97 1993/NQ 12,500 $11.6250 0 3,125 0 9,375 12,500 3,125
Cable, Xxxxxxxx X. 000185 7/ 1/94 1993/NQ 2,500 $18.1250 0 1,250 1,250 0 1,250 1,250
000634 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
R00028 9/ 6/96 1993/NQ 1,250 $12.7500 0 625 0 625 1,250 625
Xxxxxxxx, Xxxx 000728 2/24/98 1997/NQ 5,000 $16.3125 0 0 0 5,000 5,000 0
Xxxxxxx, Xxxxxx X. 000548 10/14/96 1993/NQ 100,000 $10.5625 0 25,000 0 75,000 100,000 25,000
Xxxxxxx, Xxxxxx X. 00000732 3/31/98 1998/NQ 50,000 $14.5000 0 0 0 50,000 50,000 0
Champion, Xxxx X. 000487 7/28/95 1993/NQ 500 $15.8750 0 125 375 0 125 125
000665 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
R00030 9/ 6/96 1993/NQ 375 $12.7500 0 125 0 250 375 125
Xxxxx, Xxxxxx X. 000189 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
R00031 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxx, Xxxxxxxxx 000582 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxx, Xxxxxxx X. 000190 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000603 7/15/97 1993/NQ 1,800 $15.9375 0 0 0 1,800 1,800 0
R00033 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
Condo, Xxxxx 000635 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxx, Xxxxx C00059 9/12/96 1993/NQ 2,000 $12.5000 0 0 0 2,000 2,000 0
Coronado, M.D., Xxxx 000530 7/15/96 1993/NQ 10,000 $12.1250 0 2,500 7,500 0 2,500 2,500
000561 3/27/97 1993/NQ 25,000 $11.6250 0 6,250 18,750 0 6,250 6,250
D'Antonio, Xxxxx 00000731 3/23/98 1997/NQ 10,000 $17.1250 0 0 0 10,000 10,000 0
Xxxxx, Xxxxx 000000 7/15/97 1993/NQ 7,500 $15.9375 0 0 0 7,500 7,500 0
RR0002 7/15/97 1993/NQ 625 $15.9375 0 0 0 625 625 0
Xxxxx, Xxxxxxx 000000 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
XxXxxxxx, Xxxxxxxx 000020 8/16/90 1989/NQ 1,668 $ 5.0000 0 1,668 0 0 1,668 1,668
000021 8/16/90 1989/NQ 1,666 $ 7.5000 0 1,666 0 0 1,666 1,666
000137 1/ 1/93 93D/NQ 2,000 $11.3150 0 2,000 0 0 2,000 2,000
000138 1/ 1/94 93D/NQ 2,000 $21.2500 0 2,000 0 0 2,000 2,000
000139 1/ 1/95 93D/NQ 2,000 $24.5000 0 2,000 0 0 2,000 2,000
000499 1/ 1/96 93D/NQ 2,000 $20.6250 0 2,000 0 0 2,000 2,000
000555 1/ 1/97 93D/NQ 2,000 $ 9.2656 0 2,000 0 0 2,000 2,000
000721 1/ 1/98 93D/NQ 2,000 $15.2500 0 0 0 2,000 2,000 0
XxXxxxxx, Xxxxxx 000569 7/ 1/97 1989/NQ 125,000 $14.8125 0 0 0 125,000 125,000 0
Xxxxxxx, Xxxxx 00000729 3/30/98 1997/NQ 10,000 $16.9375 0 0 0 10,000 10,000 0
10
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxxxx, Xxxx X. 000000 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000604 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
R00049 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
R00050 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxxxxxx, Xxxx 000605 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxxxxx, Xxxx 000606 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxx, Xxxxxx 000666 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxxx, Xxxxx X. 000574 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
CR0009 9/ 6/96 1993/NQ 5,000 $12.7500 0 0 0 5,000 5,000 0
Xxxxxx, Jr. MD,
Xxxxxxx X. R00052 9/ 6/96 1993/NQ 7,500 $12.7500 0 5,000 0 2,500 7,500 5,000
R00234 11/ 6/96 1993/NQ 2,000 $12.7500 0 2,000 0 0 2,000 2,000
R00235 11/ 6/96 1993/NQ 2,500 $12.7500 0 2,500 0 0 2,500 2,500
Xxxxxx, M.D., Civie D. R00238 9/ 6/96 1993/NQ 250 $12.7500 125 125 0 125 125 0
Xxxxxxxxx, Xxxxx X. 000221 8/15/94 1993/NQ 1,000 $18.7500 0 250 750 0 250 250
000712 7/15/97 1997/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
R00060 9/ 6/96 1993/NQ 750 $12.7500 0 500 0 250 750 500
Xxxxxx, Xxxxxxx 000000 7/15/97 1993/NQ 3,000 $15.9375 0 0 0 3,000 3,000 0
Xxxx, Xxx 000713 7/15/97 1997/NQ 500 $15.9375 0 0 0 500 500 0
Xxxxxx, Xxxxx 000000 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxx, Xxxxxx 000667 7/15/97 1993/NQ 6,000 $15.9375 0 0 0 6,000 6,000 0
R00062 9/ 6/96 1993/NQ 5,000 $12.7500 2,500 2,500 0 2,500 2,500 0
R00063 9/ 6/96 1993/NQ 5,000 $12.7500 1,250 1,250 0 3,750 3,750 0
RR0018 7/15/97 1993/NQ 625 $15.9375 0 0 0 625 625 0
Xxxxxxx, J. Xxxxx 000029 12/31/93 1989/NQ 1,000 $21.2500 0 1,000 0 0 1,000 1,000
Xxxxxxxx, Xxxxxxxx 000226 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000714 7/15/97 1997/NQ 750 $15.9375 0 0 0 750 750 0
R00064 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxxxxxx, Xxxxx 000637 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxx, Xxxxx X. 000541 9/ 6/96 1993/NQ 10,000 $12.7500 0 2,500 0 7,500 10,000 2,500
000696 7/15/97 1989/NQ 20,000 $15.9375 0 0 0 20,000 20,000 0
R00066 9/ 6/96 1993/NQ 30,000 $12.7500 0 20,000 0 10,000 30,000 20,000
R00232 9/ 6/96 1993/NQ 15,000 $12.7500 0 3,750 0 11,250 15,000 3,750
R00512 2/20/96 1993/NQ 40,000 $18.1250 0 10,000 30,000 0 10,000 10,000
Xxxxxxx, Xxxxx X. 000584 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxxx, Xxxxxxxxx 000638 7/15/97 1993/NQ 500 $15.9375 0 0 0 500 500 0
Xxxxxxx, Xxxxxx X. 000463 7/28/95 1993/NQ 12,000 $15.8750 0 2,000 10,000 0 2,000 2,000
000668 7/15/97 1993/NQ 10,000 $15.9375 0 0 0 10,000 10,000 0
CR0020 9/ 6/96 1993/NQ 10,000 $12.7500 0 2,000 4,000 4,000 6,000 2,000
RR0016 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
RR0017 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxx, Xxxxxxx 000639 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxxxxxxx, Xxxxx 000669 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
11
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Guarneschelli, N.
Xxxxxxx 000442 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000640 7/15/97 1993/NQ 6,000 $15.9375 0 0 0 6,000 6,000 0
CR0022 9/ 6/96 1993/NQ 2,000 $12.7500 0 0 0 2,000 2,000 0
R00069 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxxxx, Xxxxx X. 000725 1/22/98 1997/NQ 50,000 $13.6250 0 0 0 50,000 50,000 0
Xxxxxx, Xxxxx X. 000234 7/ 1/94 1993/NQ 10,000 $18.1250 0 5,000 5,000 0 5,000 5,000
000429 7/28/95 1993/NQ 10,000 $15.8750 0 2,500 7,500 0 2,500 2,500
000699 7/15/97 1997/NQ 8,000 $15.9375 0 0 0 8,000 8,000 0
CR0023 9/ 6/96 1993/NQ 6,000 $12.7500 0 0 0 6,000 6,000 0
R00070 9/ 6/96 1993/NQ 5,000 $12.7500 0 2,500 0 2,500 5,000 2,500
R00071 9/ 6/96 1993/NQ 7,500 $12.7500 0 2,500 0 5,000 7,500 2,500
R00072 9/ 6/96 1993/NQ 10,000 $12.7500 0 10,000 0 0 10,000 10,000
R00517 2/20/96 1993/NQ 20,000 $18.1250 0 10,000 10,000 0 10,000 10,000
Xxxxxxxx, Xxxxx 000000 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxx, Xxxxxxxx X. 000670 7/15/97 1993/NQ 7,500 $15.9375 0 0 0 7,500 7,500 0
R00075 9/ 6/96 1993/NQ 5,000 $12.7500 0 2,500 0 2,500 5,000 2,500
RR0003 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
Xxxxxxx, Xxxxxx 000611 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxx, Xxxxx X. 000243 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000612 7/15/97 1993/NQ 4,500 $15.9375 0 0 0 4,500 4,500 0
R00078 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
Xxxxxxxxxxx,
Xxxxxxx X. 000244 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000613 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
R00079 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
R00080 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxx, Xxxxx 000641 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxx, Xxx X. 000044 2/ 7/91 1989/NQ 834 $ 5.0000 0 834 0 0 834 834
000045 2/ 7/91 1989/NQ 834 $ 7.5000 0 834 0 0 834 834
000247 1/ 1/93 1993/NQ 1,000 $11.3150 0 1,000 0 0 1,000 1,000
000248 7/ 1/94 1993/NQ 5,000 $18.1250 0 2,500 2,500 0 2,500 2,500
000428 7/28/95 1993/NQ 10,000 $15.8750 0 2,500 7,500 0 2,500 2,500
000528 7/15/96 1993/NQ 25,000 $12.1250 0 6,250 0 18,750 25,000 6,250
000700 7/15/97 1997/NQ 30,000 $15.9375 0 0 0 30,000 30,000 0
CR0025 9/ 6/96 1993/NQ 6,000 $12.7500 0 0 0 6,000 6,000 0
R00083 9/ 6/96 1993/NQ 2,500 $12.7500 0 1,250 0 1,250 2,500 1,250
R00084 9/ 6/96 1993/NQ 7,500 $12.7500 0 2,500 0 5,000 7,500 2,500
R00085 9/ 6/96 1989/NQ 2,500 $12.7500 0 2,500 0 0 2,500 2,500
R00518 2/20/96 1989/NQ 5,000 $18.1250 0 2,500 2,500 0 2,500 2,500
Xxxxxxx, Xxx 000642 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxxxxxxxxx,
Xxxxxxx X. 000532 9/12/96 1993/NQ 500 $12.5000 125 125 0 375 375 0
000687 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxx, Xxxxxx X. 000250 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
R00087 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
Xxxxxxxxxx, Xxxxxx 000614 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
12
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxxx, Xxxxx 000671 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Hutt, MD, Xxxxxx X. 000705 10/ 1/97 1997/NQ 30,000 $16.8750 0 0 0 30,000 30,000 0
Xxxxxx, Xxxxxxx X. 000048 6/19/90 1989/NQ 334 $ 5.0000 0 334 0 0 334 334
000049 6/19/90 1989/NQ 334 $ 7.5000 0 334 0 0 334 334
000254 7/ 1/94 1993/NQ 2,000 $18.1250 0 1,000 1,000 0 1,000 1,000
000456 7/28/95 1993/NQ 5,000 $15.8750 0 1,250 3,750 0 1,250 1,250
R00090 9/ 6/96 1993/NQ 1,000 $12.7500 0 500 0 500 1,000 500
R00091 9/ 6/96 1993/NQ 3,750 $12.7500 0 1,250 0 2,500 3,750 1,250
R00092 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxx, Xxxxxxx X. 000050 6/18/90 1989/NQ 8,334 $ 5.0000 6,668 8,334 0 0 1,666 1,666
000051 11/16/90 1989/NQ 8,334 $ 5.0000 6,668 8,334 0 0 1,666 1,666
000052 11/16/90 1989/NQ 8,334 $ 7.5000 6,668 8,334 0 0 1,666 1,666
000053 11/16/91 1989/NQ 20,000 $ 6.3750 12,000 20,000 0 0 8,000 8,000
000054 1/ 1/93 1989/NQ 80,000 $11.3150 6,128 80,000 0 0 73,872 73,872
000398 6/18/90 1989/NQ 8,334 $ 7.5000 6,668 8,334 0 0 1,666 1,666
000496 7/28/95 1993/NQ 25,000 $15.8750 0 6,250 18,750 0 6,250 6,250
000538 9/ 6/96 1993/NQ 75,000 $12.7500 0 18,750 0 56,250 75,000 18,750
000697 7/15/97 1993/NQ 50,000 $15.9375 0 0 0 50,000 50,000 0
R00093 9/ 6/96 1993/NQ 18,750 $12.7500 0 6,250 0 12,500 18,750 6,250
R00094 9/ 6/96 1989/NQ 17,500 $12.7500 0 17,500 0 0 17,500 17,500
R00228 9/ 6/96 1993/NQ 25,000 $12.7500 0 6,250 0 18,750 25,000 6,250
R00508 2/20/96 1989/NQ 35,000 $18.1250 0 17,500 17,500 0 17,500 17,500
Xxxxxxxx, Xxxxxxxx 000571 4/14/97 1993/NQ 10,000 $11.1250 0 0 0 10,000 10,000 0
000643 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
Xxxx, M.D., Xxxxx X. 000259 11/30/94 1993/NQ 5,000 $25.0000 0 1,250 3,750 0 1,250 1,250
R00098 9/ 6/96 1993/NQ 3,750 $12.7500 0 2,500 0 1,250 3,750 2,500
Xxxxxx, M.D., Xxxxxxx 000644 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxxxxxx, Xxxxx 00000730 2/ 2/98 1997/NQ 2,500 $14.5000 0 0 0 2,500 2,500 0
Xxxxxxx, Xxxx 000586 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxx, Xxx 000715 7/15/97 1997/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxx, Xxxxxxx X. 000263 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000615 7/15/97 1993/NQ 5,000 $15.9375 0 0 0 5,000 5,000 0
R00103 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
R00104 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxxx, Xxxxxxxxxx X. 000265 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000646 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
R00106 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxxx, Xxxx 000572 3/10/97 1993/NQ 7,500 $11.2500 0 1,875 0 5,625 7,500 1,875
Xxxxxxxx, Xxxxxxxx X. 000144 1/ 1/94 93D/NQ 2,000 $21.2500 0 2,000 0 0 2,000 2,000
000145 1/ 1/95 93D/NQ 2,000 $24.5000 0 2,000 0 0 2,000 2,000
000554 1/ 1/97 93D/NQ 2,000 $ 9.2656 0 2,000 0 0 2,000 2,000
000719 1/ 1/98 93D/NQ 2,000 $15.2500 0 0 0 2,000 2,000 0
R00236 11/ 6/96 1993/NQ 25,000 $12.7500 0 25,000 0 0 25,000 25,000
Xxxxxx, Xxxxxxxxx 000647 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
13
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxx, Xxxxxx 000000 7/15/96 1993/NQ 50,000 $12.1250 0 12,500 0 37,500 50,000 12,500
000698 7/15/97 1993/NQ 25,000 $15.9375 0 0 0 25,000 25,000 0
C00054 7/15/96 1993/NQ 50,000 $12.1250 0 0 0 50,000 50,000 0
Xxxxxxx, Xxx 000616 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxxx, Xxxxxxx 000726 1/27/98 1997/NQ 100,000 $13.3750 0 0 0 100,000 100,000 0
Xxxxxx, Xxxx 000587 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxx, Xxxxxxx X. 00000733 3/31/98 1998/NQ 400,000 $14.5000 0 0 0 400,000 400,000 0
Xxxxxx, Xxx X. 000062 1/30/90 1989/NQ 16,668 $ 7.5000 0 16,668 0 0 16,668 16,668
Xxxxxxxxx, Xxx 000723 1/ 5/98 1997/NQ 20,000 $15.2500 0 0 0 20,000 20,000 0
Xxxxxx, Xxxxx X. 000280 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
000672 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
R00219 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
Xxxxxxxx, Xxxxxxx X. 000283 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000648 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
R00118 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxxxxxx, Ainette 000577 7/15/97 1993/NQ 5,000 $15.9375 0 0 0 5,000 5,000 0
C00056 9/12/96 1993/NQ 5,000 $12.5000 0 0 0 5,000 5,000 0
Xxxxx, Xxxxxx X. 000560 2/10/97 1989/NQ 100,000 $ 7.3125 0 33,333 0 66,667 100,000 33,333
000564 3/27/97 1993/NQ 50,000 $11.6250 0 12,500 0 37,500 50,000 12,500
000703 4/14/97 1997/NQ 50,000 $11.1250 0 0 0 50,000 50,000 0
XxXxxxx, M.D.,
Xxxxxxx X. R00237 9/ 6/96 1993/NQ 250 $12.7500 125 125 0 125 125 0
Xxxxxx, Xxxx 000595 6/16/97 1993/NQ 35,000 $15.3750 0 0 0 35,000 35,000 0
Xxxxxx, Xxxxxxxxx X. R00509 2/20/96 1989/NQ 15,000 $18.1250 0 7,500 7,500 0 7,500 7,500
R00510 2/20/96 1993/NQ 60,000 $18.1250 0 30,000 30,000 0 30,000 30,000
Xxxxxxx, Xxxxxx X. 000300 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000457 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000618 7/15/97 1993/NQ 3,000 $15.9375 0 0 0 3,000 3,000 0
R00131 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
R00132 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxxx, Xxx X. 000535 9/ 6/96 1993/NQ 7,500 $12.7500 1,875 1,875 0 5,625 5,625 0
000688 7/15/97 1993/NQ 5,000 $15.9375 0 0 0 5,000 5,000 0
Xxxxx, Xxxxxxx X. 000304 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
000673 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
R00135 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
Xxxxxx, Xxxxxx X. 00000734 3/31/98 1998/NQ 50,000 $14.5000 0 0 0 50,000 50,000 0
Xxxxxxxx, Xxxxxxxxx X. 000464 7/28/95 1993/NQ 7,000 $15.8750 0 750 6,250 0 750 750
000674 7/15/97 1993/NQ 500 $15.9375 0 0 0 500 500 0
CR0032 9/ 6/96 1993/NQ 6,250 $12.7500 0 750 4,000 1,500 2,250 750
RR0004 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxxx, Xxxxx X. 000306 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000619 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
R00136 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
14
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxxxx, Xxxxx 000469 7/28/95 1993/NQ 4,000 $15.8750 0 250 3,750 0 250 250
CR0033 9/ 6/96 1993/NQ 3,750 $12.7500 0 250 3,000 500 750 250
RR0005 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxxxxx, Xxxxxx X. 000588 7/15/97 1993/NQ 10,000 $15.9375 0 0 0 10,000 10,000 0
RR0006 7/15/97 1993/NQ 625 $15.9375 0 0 0 625 625 0
Xxxxxx, Xxxxxx X. CR0035 9/ 6/96 1993/NQ 20,000 $12.7500 0 0 0 20,000 20,000 0
R00137 9/ 6/96 1993/NQ 18,750 $12.7500 6,250 6,250 0 12,500 12,500 0
R00513 2/20/96 1989/NQ 12,000 $18.1250 0 6,000 6,000 0 6,000 6,000
Xxxxxxxxxx, Xxxxxx X. 000308 7/ 1/94 1993/NQ 10,000 $18.1250 0 5,000 5,000 0 5,000 5,000
000443 7/28/95 1993/NQ 5,000 $15.8750 0 1,250 3,750 0 1,250 1,250
000649 7/15/97 1993/NQ 26,000 $15.9375 0 0 0 26,000 26,000 0
R00139 9/ 6/96 1993/NQ 5,000 $12.7500 0 2,500 0 2,500 5,000 2,500
R00140 9/ 6/96 1993/NQ 3,750 $12.7500 0 1,250 0 2,500 3,750 1,250
RR0007 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
RR0014 7/15/97 1993/NQ 1,750 $15.9375 0 0 0 1,750 1,750 0
Xxxx, Xxxxxxxx
Xxxxxxxxx 000269 7/ 1/94 1993/NQ 1,500 $18.1250 0 750 750 0 750 750
000722 7/15/97 1993/NQ 4,500 $15.9375 0 0 0 4,500 4,500 0
R00108 9/ 6/96 1993/NQ 750 $12.7500 0 375 0 375 750 375
Xxxxxxxx, Xxxxxxxxx X. 000488 7/28/95 1993/NQ 5,000 $15.8750 0 1,250 3,750 0 1,250 1,250
000527 7/10/96 1993/NQ 2,500 $12.5000 0 625 0 1,875 2,500 625
000689 7/15/97 1993/NQ 25,000 $15.9375 0 0 0 25,000 25,000 0
R00144 9/ 6/96 1993/NQ 3,750 $12.7500 0 1,250 0 2,500 3,750 1,250
Xxxx, M.D., Xxx X. R00240 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
Xxxxxxxxx, Xxxxx 000684 5/27/97 1993/NQ 7,500 $13.6250 0 0 0 7,500 7,500 0
000727 2/24/98 1997/NQ 2,500 $16.3125 0 0 0 2,500 2,500 0
Xxxxxxxxx, Xxxxxxx 000620 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxx, Xxx 000675 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxxxx, Xxxxx 000000 9/ 6/96 1993/NQ 500 $12.7500 0 125 0 375 500 125
000691 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxx, Xxxxxxx 000550 10/21/96 1993/NQ 22,500 $ 9.8750 0 5,625 0 16,875 22,500 5,625
Xxxxxxxxx, Xxxx X. 000710 10/ 6/97 1997/NQ 7,500 $16.9375 0 0 0 7,500 7,500 0
Xxxxxx, Xxxxxx 00000735 3/31/98 1998/NQ 50,000 $14.5000 0 0 0 50,000 50,000 0
Xxxxxxx, Xxxxx X. 000621 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
R00160 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxxxxx, Xxxxxx X. 000335 7/ 1/94 1993/NQ 8,000 $18.1250 0 4,000 4,000 0 4,000 4,000
000451 7/28/95 1993/NQ 5,000 $15.8750 0 1,250 3,750 0 1,250 1,250
R00162 9/ 6/96 1993/NQ 4,000 $12.7500 0 2,000 0 2,000 4,000 2,000
R00163 9/ 6/96 1993/NQ 3,750 $12.7500 0 1,250 0 2,500 3,750 1,250
Xxxxxxx, C. Xxxxx 00000736 3/31/98 1998/NQ 50,000 $14.5000 0 0 0 50,000 50,000 0
Xxxxxxxx, M.D.,
Xxxxxxx X. 000724 1/ 5/98 1997/NQ 5,000 $15.2500 0 0 0 5,000 5,000 0
Xxxxxxxxxxx, Xxx 000717 7/15/97 1997/NQ 500 $15.9375 0 0 0 500 500 0
Xxxxxx, Xxxxxxx 000652 7/15/97 1993/NQ 250 $15.9375 0 0 0 250 250 0
Xxxxxx, Xxxxxx 000622 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
Xxxx, Xxxxxx X. 000709 10/ 6/97 1997/NQ 7,500 $16.9375 0 0 0 7,500 7,500 0
15
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxxxxx, Xxx X. 000553 12/18/96 1993/NQ 5,000 $10.0000 0 1,250 0 3,750 5,000 1,250
000676 7/15/97 1993/NQ 7,500 $15.9375 0 0 0 7,500 7,500 0
Xxxxxxx, Xxxxxxxxx 000348 7/ 1/94 1993/NQ 500 $18.1250 0 250 250 0 250 250
000454 7/28/95 1993/NQ 500 $15.8750 0 125 375 0 125 125
000718 7/15/97 1997/NQ 500 $15.9375 0 0 0 500 500 0
R00171 9/ 6/96 1993/NQ 250 $12.7500 0 125 0 125 250 125
R00172 9/ 6/96 1993/NQ 375 $12.7500 0 125 0 250 375 125
Xxxxxxxx, Xxx 000677 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Xxxxx, Xxxxx 000693 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxxxxxx, MD,
Xxxxxx X. 000708 8/11/97 1997/NQ 25,000 $17.5000 0 0 0 25,000 25,000 0
Shank, Xxxxxxxx Xxxxx 000623 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
Xxxxxxx, M.D., Val 000624 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
000707 7/11/97 1997/NQ 10,000 $16.5000 0 0 0 10,000 10,000 0
Xxxxx, Xxxxxxx X. 000108 4/ 3/89 1989/NQ 668 $ 5.0000 0 668 0 0 668 668
000109 4/ 3/89 1989/NQ 666 $ 6.3750 0 666 0 0 666 666
000110 1/ 4/93 1989/NQ 3,000 $11.0000 0 3,000 0 0 3,000 3,000
000353 1/ 1/93 1993/NQ 1,000 $11.3150 0 1,000 0 0 1,000 1,000
000354 7/ 1/94 1993/NQ 5,000 $18.1250 0 2,500 2,500 0 2,500 2,500
000426 7/28/95 1993/NQ 10,000 $15.8750 0 2,500 7,500 0 2,500 2,500
000545 9/ 6/96 1993/NQ 6,000 $12.7500 0 1,500 0 4,500 6,000 1,500
000701 7/15/97 1997/NQ 25,000 $15.9375 0 0 0 25,000 25,000 0
R00176 9/ 6/96 1993/NQ 2,500 $12.7500 0 1,250 0 1,250 2,500 1,250
R00177 9/ 6/96 1993/NQ 7,500 $12.7500 0 2,500 0 5,000 7,500 2,500
R00178 9/ 6/96 1989/NQ 5,000 $12.7500 0 5,000 0 0 5,000 5,000
R00519 2/20/96 1989/NQ 10,000 $18.1250 0 5,000 5,000 0 5,000 5,000
RR0008 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
Xxxxx, Xxxxxxx 000653 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxxxx, Jr.,
Xxxxxxx X. 00000737 3/31/98 1998/NQ 50,000 $14.5000 0 0 0 50,000 50,000 0
Xxxxxxx, Xxxx X. 000356 8/ 8/94 1993/NQ 1,600 $16.8750 0 800 800 0 800 800
000432 8/ 7/95 1993/NQ 2,500 $15.6250 0 625 1,875 0 625 625
000694 7/15/97 1993/NQ 14,000 $15.9375 0 0 0 14,000 14,000 0
Xxxxxxx, Xxxx
(continued) R00180 9/ 6/96 1993/NQ 800 $12.7500 0 400 0 400 800 400
R00181 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
RR0009 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
Xxxxx, Xxxxxxxxxxx 000695 7/15/97 1993/NQ 500 $15.9375 0 0 0 500 500 0
Xxxxxx, Xxxxxx 000654 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
Xxxxxxxx, Xxxxx 000655 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxxxx, Xxxxxx 000589 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxxx, Xxxxxx 000656 7/15/97 1993/NQ 250 $15.9375 0 0 0 250 250 0
Xxxxx, Xxxxxx 000364 8/11/94 1993/NQ 2,500 $22.7500 0 625 1,875 0 625 625
000444 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
R00188 9/ 6/96 1993/NQ 1,875 $12.7500 0 1,250 0 625 1,875 1,250
R00189 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxxxx, Xxxxxxxxx X. R00190 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
16
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxx, Xxxxxxxxx 000678 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxx, Xxxxxx X. 00000738 3/31/98 1998/NQ 100,000 $14.5000 0 0 0 100,000 100,000 0
Xxxx, Xxxxx X. C00060 9/12/96 1993/NQ 2,000 $12.5000 0 0 0 2,000 2,000 0
R00193 9/ 6/96 1993/NQ 100 $12.7500 0 25 0 75 100 25
Xxxxx, Xxxx 000626 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
Xxxxxxxxx, M.D.,
Xxxxxx X. 000371 7/ 1/94 1993/NQ 5,500 $18.1250 0 2,750 2,750 0 2,750 2,750
000657 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
R00194 9/ 6/96 1993/NQ 2,750 $12.7500 0 1,375 0 1,375 2,750 1,375
Xxxxx, Xxxxxxx 000679 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxx, Xxxx 000590 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Ultmann, M.D.,
Xxxxxxxx X. R00239 9/ 6/96 1993/NQ 250 $12.7500 125 125 0 125 125 0
Xxxxxx, Xxxxxxx 000680 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxx, Xxxx X. 000448 7/28/95 1993/NQ 5,000 $15.8750 0 1,250 3,750 0 1,250 1,250
R00197 9/ 6/96 1993/NQ 3,750 $12.7500 0 1,250 2,500 0 1,250 1,250
R00198 9/ 6/96 1993/NQ 1,875 $12.7500 0 1,250 625 0 1,250 1,250
R00515 2/20/96 1993/NQ 2,500 $18.1250 0 625 1,875 0 625 625
Xxxxxxxxxxx, MD,
Xxxx X. 000379 7/ 1/94 1993/NQ 10,000 $18.1250 0 5,000 5,000 0 5,000 5,000
000441 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000659 7/15/97 1993/NQ 3,750 $15.9375 0 0 0 3,750 3,750 0
R00200 9/ 6/96 1993/NQ 5,000 $12.7500 0 2,500 0 2,500 5,000 2,500
R00201 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
RR0012 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxx, Xxxxxx X. 000437 7/28/95 1993/NQ 2,500 $15.8750 0 625 1,875 0 625 625
000591 7/15/97 1993/NQ 10,000 $15.9375 0 0 0 10,000 10,000 0
CR0050 9/ 6/96 1993/NQ 2,500 $12.7500 0 0 0 2,500 2,500 0
R00202 9/ 6/96 1993/NQ 1,875 $12.7500 0 625 0 1,250 1,875 625
Xxxxxx, Xxxxx X. 000380 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
R00203 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
Xxxxx, Xxxxxx 000627 7/15/97 1993/NQ 500 $15.9375 0 0 0 500 500 0
Xxxxxxxxxx, Xxxxx 000660 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
Xxxxxxx, Xxxxxxx 000000 7/15/97 1993/NQ 7,500 $15.9375 0 0 0 7,500 7,500 0
Xxxxx, Xxxxx C00062 9/12/96 1993/NQ 2,000 $12.5000 0 0 0 2,000 2,000 0
Xxxxxx, Xxxxxx X. 000384 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
R00207 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
Xxxxxx, Xxxxx 000579 7/15/97 1993/NQ 2,000 $15.9375 0 0 0 2,000 2,000 0
C00058 9/12/96 1993/NQ 2,000 $12.5000 0 0 0 2,000 2,000 0
Xxxxxxx, Jr.,
Xxxxxx X. 000160 9/21/93 SHMC/ISO 6,872 $3.7800 3,500 6,872 0 0 3,372 3,372
000594 7/15/97 1993/NQ 10,000 $15.9375 0 0 0 10,000 10,000 0
RR0013 7/15/97 1993/NQ 625 $15.9375 0 0 0 625 625 0
Xxxxxxx, Xxxx 000593 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxxxx, Xxxxxxx
Xxxxx 000483 7/28/95 1993/NQ 1,000 $15.8750 0 250 750 0 250 250
R00208 9/ 6/96 1993/NQ 750 $12.7500 0 250 500 0 250 250
Xxxxx, Xxxxxxx 000628 7/15/97 1993/NQ 1,250 $15.9375 0 0 0 1,250 1,250 0
17
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
Xxxxxxxx, Xxxx X. 000387 7/ 1/94 1993/NQ 800 $18.1250 0 400 400 0 400 400
000466 7/28/95 1993/NQ 14,000 $15.8750 0 2,500 11,500 0 2,500 2,500
000682 7/15/97 1993/NQ 5,000 $15.9375 0 0 0 5,000 5,000 0
CR0052 9/ 6/96 1993/NQ 11,500 $12.7500 0 2,500 4,000 5,000 7,500 2,500
R00211 9/ 6/96 1993/NQ 400 $12.7500 0 200 0 200 400 200
RR0020 7/15/97 1993/NQ 1,500 $15.9375 0 0 0 1,500 1,500 0
RR0021 7/15/97 1993/NQ 1,000 $15.9375 0 0 0 1,000 1,000 0
Xxxxxxxx, Xxxxx 000683 7/15/97 1993/NQ 3,500 $15.9375 0 0 0 3,500 3,500 0
Xxxxxxxxxx, Xxxxx Xxxx CR0006 9/ 6/96 1993/NQ 1,000 $12.7500 0 0 0 1,000 1,000 0
Xxxxxxxx, Xxxxxx 000661 7/15/97 1993/NQ 2,500 $15.9375 0 0 0 2,500 2,500 0
Winter, Xxxx X. 000390 7/ 1/94 1993/NQ 1,000 $18.1250 0 500 500 0 500 500
000629 7/15/97 1993/NQ 4,000 $15.9375 0 0 0 4,000 4,000 0
R00214 9/ 6/96 1993/NQ 500 $12.7500 0 250 0 250 500 250
Xxxx, Xxxxx X. 000533 10/ 7/96 1993/NQ 400,000 $11.0000 0 133,333 0 266,667 400,000 133,333
000704 7/17/97 1997/NQ 150,000 $17.0000 0 0 0 150,000 150,000 0
S00001 7/17/97 1997/RSP 50,000 $17.0000 0 0 0 50,000 50,000 0
Xxxx, Xxxx 000552 11/18/96 1993/NQ 100,000 $10.3750 0 25,000 0 75,000 100,000 25,000
000562 3/27/97 1993/NQ 50,000 $11.6250 0 12,500 0 37,500 50,000 12,500
000702 7/15/97 1997/NQ 50,000 $15.9375 0 0 0 50,000 50,000 0
Xxxxxxx, Xxxxxxx 000000 7/15/97 1993/NQ 750 $15.9375 0 0 0 750 750 0
ZZ-Xxxxxx, MD,
Xxxxxxx X. X00000 0/ 0/00 XXXX/XXX 400 $12.6250 0 0 0 400 400 0
ZZ-Xxxxx, MD, Xxxxxxxx X00000 0/ 0/00 XXXX/XXX 000 $12.6250 0 0 0 300 300 0
ZZ-Cross, MD, Xxxxx X. X00000 0/ 0/00 XXXX/XXX 800 $12.6250 0 0 0 800 800 0
ZZ-Dichsen, MD,
Xxxxxx X. X00000 0/ 0/00 XXXX/XXX 1,925 $12.6250 0 0 0 1,925 1,925 0
W00016 5/ 1/97 WARR/ISO 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Xxxxxx, MD, Xxxx W00017 5/ 1/97 WARR/ISO 400 $12.6250 0 0 0 400 400 0
ZZ-Ireland, MD, Xxx X. W00004 5/ 1/97 WARR/ISO 800 $12.6250 0 0 0 800 800 0
W00018 5/ 1/97 WARR/ISO 300 $12.6250 0 0 0 300 300 0
ZZ-Xxxxxxxx,MD, Xxxxx X00000 0/ 0/00 XXXX/XXX 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Xxxxx, MD, Xxxxxxx W00020 5/ 1/97 WARR/ISO 300 $12.6250 0 0 0 300 300 0
ZZ-Xxx, MD, Xxxxx X. X00000 0/ 0/00 XXXX/XXX 1,925 $12.6250 0 0 0 1,925 1,925 0
W00021 5/ 1/97 WARR/ISO 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Maret, MD,
Xxxxxxxxxxx X. X00000 0/ 0/00 XXXX/XXX 1,925 $12.6250 0 0 0 1,925 1,925 0
W00022 5/ 1/97 WARR/ISO 400 $12.6250 0 0 0 400 400 0
ZZ-McDonald,MD,
Xxxxxx X. X00000 0/ 0/00 XXXX/XXX 1,925 $12.6250 0 0 0 1,925 1,925 0
ZZ-Meghjee, MD, Zinnat W00023 5/ 1/97 WARR/ISO 300 $12.6250 0 0 0 300 300 0
ZZ-Moeser, MD,
Xxxxxx X. W00008 5/ 1/97 WARR/ISO 400 $12.6250 0 0 0 400 400 0
W00024 5/ 1/97 WARR/ISO 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Ngo, MD, Xxxx X00000 0/ 0/00 XXXX/XXX 000 $12.6250 0 0 0 800 800 0
W00025 5/ 1/97 WARR/ISO 300 $12.6250 0 0 0 300 300 0
ZZ-Xxxxxxxxx,MD,
Xxxxxxxx W00010 5/ 1/97 WARR/ISO 1,925 $12.6250 0 0 0 1,925 1,925 0
W00026 5/ 1/97 WARR/ISO 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Xxxxxxx, Xxxxxx X. X00000 0/ 0/00 XXXX/XXX 400 $12.6250 0 0 0 400 400 0
W00027 5/ 1/97 WARR/ISO 300 $12.6250 0 0 0 300 300 0
18
Option Option
Name Number Date Plan/Type Shares Price Exercised Vested Cancelled Unvested Outstanding Exercisable
---- ------ ------ --------- ------ ----- --------- ------ --------- -------- ----------- -----------
XX-Xxxx, XX, Xxxxxx X00000 5/ 1/97 WARR/ISO 400 $12.6250 0 0 0 400 400 0
ZZ-Rugen, MD,
Xxxxxxx X. X00000 0/ 0/00 XXXX/XXX 000 $12.6250 0 0 0 400 400 0
ZZ-Xxxxxxx, MD, Xxxxx X00000 0/ 0/00 XXXX/XXX 1,000 $12.6250 0 0 0 1,000 1,000 0
ZZ-Xxxxxxxxx, Xxxxxxx W00013 5/ 1/97 WARR/ISO 400 $12.6250 0 0 0 400 400 0
ZZ-Warrant,
FranklinCapital 000567 5/ 9/97 WARR/ISO 235,294 $10.6250 0 235,294 0 0 235,294 235,294
ZZ-Warrant, Warburg,
Xxxxxx 000566 5/ 9/97 WARR/ISO 1,343,822 $10.6250 0 1,343,822 0 0 1,343,822 1,343,822
000568 6/30/97 WARR/ISO 773,825 $10.6250 0 773,825 0 0 773,825 773,825
ZZ-Warrant, West
Penn. Hosp 000482 7/ 1/95 WARR/ISO 100,000 $14.1250 0 66,666 0 33,334 100,000 66,666
ZZ-Xxxxxxxxx,MD,
Xxxxxxx W00014 5/ 1/97 WARR/ISO 800 $12.6250 0 0 0 800 800 0
W00030 5/ 1/97 WARR/ISO 1,000 $12.6250 0 0 0 1,000 1,000 0
--------- ------ --------- ------- --------- --------- ---------
TOTALS 6,930,854 70,925 3,319,550 309,449 3,301,855 6,550,480 3,248,625
19
EXHIBIT 2
FORM OF EXERCISE NOTICE
[TO BE SIGNED ONLY UPON EXERCISE OF WARRANT]
TO COVENTRY HEALTH CARE, INC.:
The undersigned, the holder of that certain Principal Warrant, dated
[ ], 1998 (the "Warrant"), issued by you, hereby acknowledges receipt of a
Warrant Notice on __________ from you; hereby irrevocably elects to exercise
the purchase right represented by such Principal Warrant for, and to purchase
thereunder, ______ shares of Common Stock, par value $0.01 per share, of
Coventry Health Care, Inc., herewith makes payment of $______ therefor; and
requests that the stock certificate for such shares be issued in the name of,
and be delivered, to the person listed below at the address listed under such
person's name:
Name:
---------------------------------------------------
Address:
--------------------------------------------------
--------------------------------------------------
Dated:
----------------
(Signature must conform in all respects to name of holder as specified on the
face of the Warrant)
