XNYS:HNT Health Net Inc Insider Activity 4 Filing - 2/17/2012

Effective Date 2/17/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
Bouchard Angelee F.
  2. Issuer Name and Ticker or Trading Symbol
HEALTH NET INC [HNT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, General Counsel,Secretar
(Last)
(First)
(Middle)
21650 OXNARD STREET
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2012
(Street)

WOODLAND HILLS, CA 91367
4. If Amendment, Date Original Filed (Month/Day/Year)
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 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)
Code V Amount (A) or (D) Price
Common Stock 02/17/2012   A   8,750(1) A $ 0 43,750 D  
Common Stock 02/17/2012   F   502(2) D $39.34(3) 43,248 D  
Common Stock 02/18/2012   F   780(4) D $39.34(5) 42,468 D  
Common Stock 02/18/2012   F   2,201(6) D $39.34(7) 40,267 D  
Common Stock               8,340(8) I By Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Bouchard Angelee F.
21650 OXNARD STREET
WOODLAND HILLS, CA 91367
      SVP, General Counsel,Secretar  

Signatures

 /s/ Angelee F. Bouchard   02/22/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents 8,750 Restricted Stock Units ("RSUs") granted to the Reporting Person on February 17, 2012 (the "2012 Grant") under the Issuer's 2006 Long-Term Incentive Plan, as amended (the "2006 Plan"), which RSUs vest and become non-forfeitable with respect to 33-1/3% of the RSUs on each of the first, second and third anniversaries of the 2012 Grant.
(2) Shares forfeited in lieu of payment of tax liability in connection with the vesting of 25% of a grant of 5,000 RSUs made to the Reporting Person on February 17, 2009 pursuant to the 2006 Plan (the "2009 Grant").
(3) The number of shares forfeited by the Reporting Person was based on the closing price of the Issuer's common stock on February 17, 2012, the vesting date of the 2009 Grant.
(4) Shares forfeited in lieu of payment of tax liability in connection with the vesting of 50% of a grant of 4,250 RSUs made to the Reporting Person on February 18, 2008 pursuant to the 2006 Plan (the "2008 Grant").
(5) The number of shares forfeited by the Reporting Person for the 2008 Grant was based on the closing price of the Issuer's common stock on February 17, 2012 pursuant to the terms of the 2006 Plan.
(6) Shares forfeited in lieu of payment of tax liability in connection with the vesting of 33-1/3% of a grant of 18,000 RSUs made to the Reporting Person on February 18, 2011 pursuant to the 2006 Plan (the "2011 Grant").
(7) The number of shares forfeited by the Reporting Person for the 2011 Grant was based on the closing price of the Issuer's common stock on February 17, 2012 pursuant to the terms of the 2006 Plan.
(8) The shares are held by the Bouchard Family Revocable Trust, of which the Reporting Person is a trustee and beneficiary.

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XNYS:HNT Health Net Inc Insider Activity 4 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 4 Filing - 2/17/2012
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 Title |  Date |  Company |  Symbol |  Interest |  Popularity

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