XFRA:THC1 Tenet Healthcare Corp Insider Activity 4 Filing - 2/23/2012

Effective Date 2/23/2012

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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 *
FETTER TREVOR
  2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [THC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO and President
(Last)
(First)
(Middle)
1445 ROSS AVENUE, SUITE 1400
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2012
(Street)

DALLAS, TX 75202
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(1) 02/23/2012   A   117,753 A $ 0 1,698,518 D  
Common Stock 02/23/2012   F   48,809 D $5.62(2) 1,649,709 D  
Common Stock(3) 02/23/2012   A   117,753 A $ 0 1,767,462 D  
Common Stock 02/23/2012   F   48,809 D $5.62(2) 1,718,653 D  
Common Stock               10,200 I By Spouse

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
2011 February Performance-Based Restricted Units (1) 02/23/2012   A   235,508     (1)   (1) Common Stock 235,508 $ 0 235,508 D  
2011 February Restricted Stock Units (3) 02/23/2012   D     117,753   (3)   (3) Common Stock 117,753 $ 0 235,508 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FETTER TREVOR
1445 ROSS AVENUE
SUITE 1400
DALLAS, TX 75202
  X     CEO and President  

Signatures

 /s/ Paul A. Castanon, Attorney-in-Fact for Trevor Fetter   02/27/2012
** 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) (TF1) As previously reported, on February 23, 2011, the reporting person received a grant of 353,261 performance restricted units that were subject to the issuer's attainment of a specified one-year performance metric for the year then-ending December 31, 2011. The performance metric was met; therefore, these restricted units vest ratably on each of the first, second and third anniversaries of the date of grant. The first anniversary of this grant occurred on February 23, 2012, resulting in the vesting and settlement of 117,753 shares of common stock, as shown in Table I. The remaining 235,508 performance restricted units, which are scheduled to vest in equal amounts on February 23, 2013 and 2014, are shown in Table II. Restricted units are settled in shares of the issuer's common stock upon vesting.
(2) Shares withheld for payment of taxes upon vesting of restricted units in accordance with Rule 16b-3.
(3) (TF3) As previously reported, on February 23, 2011, the reporting person received a grant of 353,261 restricted units that vest ratably on each of the first, second and third anniversaries of the date of grant. The first anniversary of this grant occurred on February 23, 2012, resulting in the vesting and settlement of 117,753 shares of common stock as shown in Table I and Table II. The remaining 235,508 restricted units, as shown in Table II, are scheduled to vest in equal amounts on February 23, 2013 and 2014. Restricted units are settled in shares of the issuer's common stock upon vesting.

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XFRA:THC1 Tenet Healthcare Corp Insider Activity 4 Filling

Tenet Healthcare Corp XFRA:THC1 Stock - Get Insider Activity SEC Filing of Tenet Healthcare Corp XFRA:THC1 stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XFRA:THC1 Tenet Healthcare Corp Insider Activity 4 Filing - 2/23/2012
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