Exhibit 10.39
Amendment to Stock Option Agreements
Between
Health Management Associates, Inc.
And
Xxxxxxx X. Xxxxxx
This Amendment to Stock Option Agreements (this "Amendment") between
Health Management Associates, Inc. (the "Company") and Xxxxxxx X. Xxxxxx
("Xxxxxx") is made as of December 5, 2000.
WHEREAS, as an administrative convenience, the Company and Xxxxxx
desire to amend certain Stock Option Agreements between the Company and Xxxxxx
in the manner set forth herein.
NOW, THEREFORE, in consideration of the payment by Xxxxxx to the
Company of $10 and for other good and lawful consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereby agree as
follows:
1. Each of the following Stock Option Agreements between the Company
and Xxxxxx are hereby amended to allow Xxxxxx to transfer some or all of the
options granted thereunder to a trust of which Xxxxxx is the sole lifetime
trustee and sole lifetime beneficiary:
a. Stock Option Agreement granting options to purchase
2,543,645 shares of the Company's Class A Common Stock at
$2.85 per share, expiring on December 14, 2002.
b. Stock Option Agreement granting options to purchase
2,025,000 shares of the Company's Class A Common Stock at
$5.16 per share, expiring on May 17, 2005.
c. Stock Option Agreement granting options to purchase 675,000
shares of the Company's Class A Common Stock at $10.33 per
share, expiring on May 20, 2006.
d. Stock Option Agreement granting options to purchase
4,500,000 shares of the Company's Class A Common Stock at
$12.72 per share, expiring on May 11, 2007.
e. Stock Option Agreement granting options to purchase
1,000,000 shares of the Company's Class A Common Stock at
$13.00 per share, expiring on May 27, 2009.
f. Stock Option Agreement granting options to purchase
1,000,000 shares of the Company's Class A Common Stock at
$12.125 per share, expiring on May 25, 2010.
2. Each of the Company and Xxxxxx agree to take all actions
and execute all documents which are determined by the other party to be
reasonably necessary to effect the intent and purpose of this Amendment.
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3. No other provisions of any of the above referenced Stock
Option Agreements shall be modified as a result of this Amendment.
IN WITNESS WHEREOF, the parties have executed this Amendment as
of the date first above written.
Health Management Associates, Inc.
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Vice President, General Counsel
and Corporate Secretary
Xxxxxxx X. Xxxxxx:
/s/ Xxxxxxx X. Xxxxxx
---------------------------
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