XNYS:HGR Hanger Inc Insider Activity 4 Filing - 3/7/2012

Effective Date 3/7/2012

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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 *
MCHENRY GEORGE E JR
  2. Issuer Name and Ticker or Trading Symbol
HANGER ORTHOPEDIC GROUP INC [HGR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President, CFO
(Last)
(First)
(Middle)
10910 DOMAIN DRIVE, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2012
(Street)

AUSTIN, TX 78758
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 03/07/2012   A   2,000(1) A $ 0 74,801 D  
Common Stock 03/07/2012   A   10,154(2) A $ 0 84,955(3)(4) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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
Option to Buy $13.8             08/01/2004(5) 07/31/2013 Common Stock 40,000   40,000 D  
Option to Buy $16.74             10/15/2003(5) 10/14/2012 Common Stock 37,500   37,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCHENRY GEORGE E JR
10910 DOMAIN DRIVE
SUITE 300
AUSTIN, TX 78758
      Executive Vice President, CFO  

Signatures

 /s/ Jessica Lochmann Allen, Attorney-in-Fact for George E. McHenry, Jr.   03/13/2012
** 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) The restricted stock being reported does not include the contingent right of the reporting person to receive up to 6,000 additional performance shares under the issuer's 2010 Omnibus Incentive Plan based on the achievement of certain performance targets for the fiscal year 2012.
(2) These shares of stock represent performance shares being issued to the reporting person based on the achievement of certain performance targets for the period beginning January 1, 2011 and ending on December 31, 2011. These shares vest to the extent of 25% on March 25, 2012, the first anniversary of the grant date, and continue to vest at a rate of 25% per year of the original grant amount on the anniversary date of the grant through March 25, 2015.
(3) Includes (i) unvested restricted shares which total 2,000 shares from an initial grant of 2,000 shares of restricted stock made on March 7, 2012, (ii) unvested restricted shares which total 14,154 shares from an initial grant of 14,154 shares of restricted stock and performance shares made on March 25, 2011, (iii) unvested restricted shares and fully vested shares which total 22,814 shares from an initial grant of 25,300 shares of restricted stock and performance shares made on March, 30, 2010, (iv) unvested restricted shares and fully vested shares that total 9,815 shares from an initial grant of 22,680 shares of restricted stock and performance shares made on November 13, 2008, (v) fully vested shares that total 24,466 shares from an initial grant of 40,000 shares of restricted stock and performance shares made on August 9, 2007, and (vi) fully vested shares that total 11,706 shares from an initial grant of 35,000 shares of restricted stock made on June 12, 2006.
(4) 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.
(5) This option is fully vested.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNYS:HGR Hanger Inc Insider Activity 4 Filling

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

XNYS:HGR Hanger Inc Insider Activity 4 Filing - 3/7/2012
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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