Pennant Group, Inc. — Director's Dealing 2019

Oct 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pennant Group, Inc. (PNTG)
CIK: 0001766400
Period of Report: 2019-10-01

Reporting Person: Gochnour John J (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	Common Stock	A	32750	$0.00	Acquired	32750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	Stock Option (right to buy)	$3.36	A	34568	Acquired	2024-02-07	Common Stock (34568)	Direct
2019-10-01	Stock Option (right to buy)	$5.31	A	15715	Acquired	2024-08-05	Common Stock (15715)	Direct
2019-10-01	Stock Option (right to buy)	$7.42	A	6286	Acquired	2025-05-27	Common Stock (6286)	Direct
2019-10-01	Stock Option (right to buy)	$6.10	A	12572	Acquired	2026-10-26	Common Stock (12572)	Direct
2019-10-01	Stock Option (right to buy)	$3.84	A	8926	Acquired	2026-05-26	Common Stock (8926)	Direct
2019-10-01	Stock Option (right to buy)	$4.54	A	8926	Acquired	2027-05-25	Common Stock (8926)	Direct
2019-10-01	Stock Option (right to buy)	$6.16	A	17853	Acquired	2028-05-31	Common Stock (17853)	Direct
2019-10-01	Stock Option (right to buy)	$15.09	A	77000	Acquired	2029-10-01	Common Stock (77000)	Direct

Footnotes

F1: Shares of common stock received in the October 1, 2019 pro rata distribution of shares of The Pennant Group, Inc. (the "Registrant") by The Ensign Group, Inc. to its stockholders (the "Spin-off") and shares of Cornerstone Healthcare, Inc. converted into shares of the Registrant pursuant to the merger of Cornerstone Merger Sub, Inc., a wholly-owned subsidiary of the Registrant, with and into Cornerstone Healthcare, Inc., with Cornerstone Healthcare, Inc. as the surviving corporation, in connection with the Spin-off.

F2: Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2007 Omnibus Incentive Plan as a result of the Spin-off. The options have vested.

F3: Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2007 Omnibus Incentive Plan as a result of the Spin-off. The options have vested.

F4: Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2007 Omnibus Incentive Plan as a result of the Spin-off. 5,029 of these options have vested. 1,257 of these options will vest on May 27, 2020.

F5: Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2007 Omnibus Incentive Plan as a result of the Spin-off. 5,030 of these options have vested. 2,514 of these options will vest on October 26, 2019, 2,514 of these options will vest on October 26, 2020 and 2,514 of these options will vest on October 26, 2021.

F6: Options assumed on October 1, 2019 by the Registrant under the Cornerstone Healthcare, Inc. 2016 Omnibus Incentive Plan. 5,356 of these options have vested. 1,785 will vest on May 26, 2020 and 1,785 will vest on May 26, 2021.

F7: Options assumed on October 1, 2019 by the Registrant under the Cornerstone Healthcare, Inc. 2016 Omnibus Incentive Plan. 3,571 of these options have vested. 1,785 will vest on May 25, 2020, 1,785 will vest on May 25, 2021 and 1,785 will vest on May 25, 2022.

F8: Options assumed on October 1, 2019 by the Registrant under the Cornerstone Healthcare, Inc. 2016 Omnibus Incentive Plan. 3,571 of these options have vested. 3,571 will vest on May 31, 2020, 3,571 will vest on May 31, 2021, 3,570 will vest on May 31, 2022 and 3,570 will vest on May 31, 2023.

F9: Options granted on October 1, 2019 under The Pennant Group, Inc. 2019 Omnibus Incentive Plan. The options vest in five equal annual installments beginning on the first anniversary of the date of the grant.