COMMUNITY HEALTH SYSTEMS INC — Director's Dealing 2014

Aug 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK: 0001108109
Period of Report: 2014-08-20

Reporting Person: WATSON H MITCHELL JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-20	Common Stock	M	5000	$27.71	Acquired	17753	Direct
2014-08-20	Common Stock	S	6334	$50.9968	Disposed	11419	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-20	Stock Options (Right to Buy)	$27.71	M	5000	Disposed	2015-01-02	Common Stock (5000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0.00	2022-02-15	Common Stock (2215)	2215	Direct
Restricted Stock Units	$0.00	2023-02-26	Common Stock (2397)	2397	Direct
Restricted Stock Units	$0.00	2024-02-29	Common Stock (3614)	3614	Direct
Stock Units (SU)	$0.00		Common Stock (10149.2915)	10149.2915	Direct

Footnotes

F1: These shares were sold in a series of transactions at an average sales price of $50.9968 per share.

F2: The Stock Units were accrued under the Company's Directors' Fees Deferral Plan and are settled 100% in the Company's common stock upon cessation as a director or upon a date specified by the director.