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: Bunker Derek J (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	Common Stock	A	32031	$0.00	Acquired	32031	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	Stock Option (right to buy)	$6.33	A	6286	Acquired	2026-02-08	Common Stock (6286)	Direct
2019-10-01	Stock Option (right to buy)	$6.23	A	9429	Acquired	2026-05-26	Common Stock (9429)	Direct
2019-10-01	Stock Option (right to buy)	$6.45	A	12572	Acquired	2027-02-06	Common Stock (12572)	Direct
2019-10-01	Stock Option (right to buy)	$12.28	A	9429	Acquired	2028-08-23	Common Stock (9429)	Direct
2019-10-01	Stock Option (right to buy)	$15.09	A	50000	Acquired	2029-10-01	Common Stock (50000)	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. 3,772 of these options have vested. 1,257 will vest on February 8, 2020 and 1,257 will vest on February 8, 2021.

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. 5,658 of these options have vested. 1,886 will vest on May 26, 2020 and 1,885 will vest on May 26, 2021.

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. 5,030 of these options have vested. 2,514 will vest on February 6, 2020, 2,514 will vest on February 6, 2021 and 2,514 will vest on February 6, 2022.

F5: Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2017 Omnibus Incentive Plan as a result of the Spin-off. 1,886 of these options have vested. 1,886 will vest on August 23, 2020, 1,886 will vest on August 23, 2021, 1,886 will vest on August 23, 2022 and 1,885 will vest on August 23, 2023.

F6: 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.