XNYS:HNT Health Net Inc Insider Activity 3 Filing - 1/11/2012

Effective Date 1/11/2012

XNYS:HNT (Health Net Inc): Fair Value Estimate
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FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  HEFNER JUANELL
2. Date of Event Requiring Statement (Month/Day/Year)
01/11/2012
3. Issuer Name and Ticker or Trading Symbol
HEALTH NET INC [HNT]
(Last)
(First)
(Middle)
21650 OXNARD STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP Customer & Technology Svcs
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)

WOODLAND HILLS, CA 91367
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 39,341(1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)(2) 02/24/2006(5) 02/24/2015 Common Stock 2,748(6) $29.2 D  
Stock Option (Right to Buy)(3) 03/02/2008(7) 03/02/2016 Common Stock 2,500(8) $49.06 D  
Stock Option (Right to Buy)(3) 02/17/2007(9) 03/06/2016 Common Stock 2,400(10) $47.3 D  
Stock Option (Right to Buy)(4) 02/09/2008(11) 02/09/2017 Common Stock 12,000(12) $52.08 D  
Stock Option (Right to Buy)(4) 02/22/2013(13) 02/22/2017 Common Stock 16,650 $23.03 D  
Stock Option (Right to Buy)(4) 02/18/2012(14) 02/18/2018 Common Stock 14,000 $30.73 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HEFNER JUANELL
21650 OXNARD STREET
WOODLAND HILLS, CA 91367
      SVP Customer & Technology Svcs  

Signatures

/s/ Juanell Hefner 01/24/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Includes 21,025 Restricted Stock Units ("RSUs") granted to the Reporting Person under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which RSUs vest and become non-forfeitable under the circumstances described in the applicable Restricted Stock Unit Agreements entered into between the Issuer and the Reporting Person. Also includes 11,235 performance shares granted to the Reporting Person under the Issuer's 2006 Plan. The performance measures attributed to the performance shares have been met and the grants become non-forfeitable under the circumstances described in the applicable performance share award agreements entered into between the Issuer and the Reporting Person. Also includes 633 shares in which the Reporting Person has a beneficial interest under the profit-sharing component of the Issuer's 401(k) Savings Plan.
(2) Stock Option granted to the Reporting Person under the Issuer's 2002 Stock Option Plan, as amended (the "2002 Plan"), in a transaction exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
(3) Stock Option granted to the Reporting Person under the Issuer's 2005 Long-Term Incentive Plan, as amended (the "2005 Plan"), in a transaction exempt under Rule 16b-3 of the Exchange Act.
(4) Stock Option granted to the Reporting Person under the Issuer's 2006 Plan in a transaction exempt under Rule 16b-3 of the Exchange Act.
(5) The stock option became exercisable in 25% increments on each of the first, second, third and fourth anniversaries of the February 24, 2005 grant date.
(6) Represents vested and unexercised options from the 2,748 share option grant made to the Reporting Person on February 24, 2005.
(7) The stock option became exercisable with respect to 50% of the options on March 2, 2008. The remaining 50% of the options became exercisable on March 2, 2010.
(8) Represents vested and unexercised options from the 2,500 share option grant made to the Reporting Person on March 2, 2006.
(9) The stock option became exercisable with respect to 50% of the options on February 17, 2007. The remaining 50% of the options became exercisable on February 17, 2008.
(10) Represents vested and unexercised options from the 2,400 share option grant made to the Reporting Person on March 6, 2006.
(11) The stock option became exercisable in 25% increments on each of the first, second, third and fourth anniversaries of the February 9, 2007 grant date.
(12) Represents vested and unexercised options from the 12,000 share option grant made to the Reporting Person on February 9, 2007.
(13) The stock option becomes exercisable with respect to 100% of the options on February 22, 2013.
(14) The stock option becomes exercisable in 33-1/3% increments on each of the first, second and third anniversaries of the February 18, 2011 grant date.

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XNYS:HNT Health Net Inc Insider Activity 3 Filling

Health Net Inc XNYS:HNT Stock - Get Insider Activity SEC Filing of Health Net Inc XNYS:HNT stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:HNT Health Net Inc Insider Activity 3 Filing - 1/11/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

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