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Asar Vinit K – ‘4’ for 6/7/21 re: Hanger, Inc.

On:  Tuesday, 6/8/21, at 6:05pm ET   ·   For:  6/7/21   ·   Accession #:  1567619-21-11854   ·   File #:  1-10670

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/08/21  Asar Vinit K                      4                      1:10K  Hanger, Inc.                      Broadridge Fin’l… Inc/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider -- doc1.xml/3.6


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
FORM 4UNITED 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ASAR VINIT K
(Last)(First)(Middle)
10910 DOMAIN DRIVE
SUITE 300
(Street)
AUSTINTX78758
(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
HANGER, INC. [ HNGR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector 10% Owner
XOfficer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
6/7/21
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)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)
CodeVAmount(A) or (D)Price
Common Stock 6/7/21S (1) 15,000D$25.8637 (2)768,219 (3) (4) (5) (6) (7) (8)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 (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)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 (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (right to buy)$12.77 (9) 5/19/27Common Stock159,982 159,982D
Explanation of Responses:
(1)  The sale by Mr. Asar was effected automatically upon the satisfaction of certain timing, trading price and other conditions under a trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. Mr. Asar entered into this trading plan on December 4, 2020 and up to 30,000 additional shares could be sold through periodic sales that may occur under this plan through the end of 2021 if the conditions of the plan are met.
(2)  These shares were sold at a range of sale prices from $25.57 to $26.03. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
(3)  Includes (i) unvested restricted shares totaling 55,791 shares of stock from an initial grant of 55,791 shares of restricted stock which begins to vest on March, 8, 2022; (ii) unvested restricted shares totaling 62,847 shares of stock from an initial grant of 69,705 shares of restricted stock which begins to vest on March 9, 2021; (iii) unvested restricted shares totaling 49,292 shares of stock from an initial grant of 54,670 shares of restricted stock which begins to vest on March 9, 2021; (iv) unvested restricted shares and fully vested shares totaling 59,429 shares of stock from an initial grant of 73,987 shares of restricted stock made on March 8, 2019; [continued in next footnote]
(4)  (v) unvested restricted shares and fully vested shares totaling 46,954 shares of stock from an initial grant of 58,456 shares of restricted stock made on March 8, 2019; (vi) unvested restricted shares and fully vested shares totaling 56,786 shares of stock from an initial grant of 80,564 shares of restricted stock made on March 9, 2018; (vii) unvested restricted shares and fully vested shares totaling 57,312 shares of stock from an initial grant of 94,500 shares of restricted stock, 25% of which vested on May 17, 2018 and the remainder of which vested on March 8, 2019, 2020 and 2021 (viii) unvested restricted shares and fully vested shares totaling 38,188 shares of stock from an initial grant of 60,000 shares of restricted stock made on April 29, 2016; [continued in next footnote]
(5)  (ix) unvested restricted shares and fully vested shares totaling 47,590 shares of stock from an initial grant of 67,516 shares of restricted stock made on March 9, 2018; (x) fully vested shares totaling 65,566 shares of stock from an initial grant of 95,376 shares of restricted stock made on March 6, 2015; (xi) unvested restricted shares and fully vested shares totaling 36,388 shares of stock from an initial grant of 60,000 shares of restricted stock made on March 8, 2017 (xii) fully vested shares totaling 32,807 shares of stock from an initial grant of 42,390 shares of restricted stock made on March 6, 2015; [continued in next footnote]
(6)  (xiii) fully vested shares totaling 13,746 shares of stock from an initial grant of 17,973 shares of restricted stock made on March 7, 2014; (xiv) fully vested shares totaling 19,741 shares of stock from an initial grant of 29,292 shares of restricted stock and performance shares made on March 11, 2013; (xv) fully vested shares totaling 9,917 shares of stock from an initial grant of 17,250 shares of restricted stock and performance shares made on August 27, 2012; (xvi) fully vested shares totaling 15,868 shares of stock from an initial grant of 27,600 shares of restricted stock and performance shares made on March 7, 2012; [continued in next footnote]
(7)  (xvii) fully vested shares totaling 9,081 shares of stock from an initial grant of 15,923 shares of restricted stock and performance shares made on March 25, 2011; (xviii) fully vested shares totaling 8,853 shares of stock from an initial grant of 23,000 shares of restricted stock and performance shares made on March 30, 2010; and (xiv) fully vested shares totaling 22,270 shares of stock from an initial grant of 42,680 shares of restricted stock and performance shares made on December 29, 2008.
(8)  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.
(9)  Stock options were granted under the Company's Special Equity Plan and vest 1/3 on each of May 19, 2018, 2019 and 2020.
/s/ Jessica Lochmann Allen, Attorney-in-Fact for Vinit K. Asar 6/8/21
** Signature of Reporting PersonDate
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
____________
Transaction Code:
    S    Open market or private sale of non-derivative or derivative security.

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