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: Nackel John G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	Common Stock	A	40083	$0.00	Acquired	40083	Direct
2019-10-01	Common Stock	A	2700	$0.00	Acquired	42783	Indirect
2019-10-01	Common Stock	A	2319	$0.00	Acquired	45102	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	Stock Option (right to buy)	$4.09	A	57613	Acquired	2024-05-29	Common Stock (57613)	Direct
2019-10-01	Stock Option (right to buy)	$15.09	A	8000	Acquired	2029-10-01	Common Stock (8000)	Direct

Footnotes

F1: Shares of common stock received in the October 1, 2019 pro rata distribution of shares of 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: These shares are held by the Nackel Family Trust dated June 30, 1997. Dr. Nackel and his spouse share voting and investment power over the trust.

F3: Shares of restricted stock granted on October 1, 2019 under The Pennant Group, Inc. 2019 Long Term Incentive Plan.

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, all of which have vested.

F5: Options granted on October 1, 2019 under the The Pennant Group, Inc. 2019 Omnibus Incentive Plan. The options vest in three equal annual installments beginning on the first anniversary of the date of the grant.