UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | March 13, 2007 |
Health Net, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-12718 | 95-4288333 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
21650 Oxnard Street, Woodland Hills, California | 91367 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | (818) 676-6000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 13, 2007, Health Net, Inc. (the "Company") repurchased one million shares of its common stock as part of the Company's stock repurchase program. The shares were repurchased in a privately negotiated transaction at a purchase price of $54.06 per share.
The Company repurchases shares of its common stock under its stock repurchase program from time to time in open market transactions, privately negotiated transactions and through accelerated share repurchase programs or by any combination of such methods. The timing of any repurchases and the actual number of shares repurchased depends on a variety of factors, including the Company's stock price, corporate and regulatory requirements, restrictions under existing debt obligations and other market and economic conditions. As of March 13, 2007, the remaining authority under the Company's repurchase program was approximately $178 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Health Net, Inc. | ||||
March 14, 2007 | By: | /s/ Linda V. Tiano | ||
Name: Linda V. Tiano | ||||
Title: Senior Vice President, General Counsel and Secretary |