- Initial Statement of Beneficial Ownership (3)
November 19 2010 - 4:24PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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February 28, 2011
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Riddle Brandi M.
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2. Date of Event Requiring Statement (MM/DD/YYYY)
11/15/2010
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3. Issuer Name
and
Ticker or Trading Symbol
SUN HEALTHCARE GROUP INC [SUNHD]
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(Last)
(First)
(Middle)
101 SUN AVE. NE
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
___
X
___ Officer (give title below)
_____ Other (specify below)
VP and Treasurer /
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(Street)
ALBUQUERQUE, NM 87109
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Common Stock
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5680
(1)
(2)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (Right to Buy)
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(3)
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3/16/2016
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Common Stock
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1916
(1)
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$11.92
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D
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Employee Stock Option (Right to Buy)
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(4)
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3/23/2017
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Common Stock
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3603
(1)
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$11.82
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D
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Explanation of Responses:
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(
1)
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On November 15, 2010, the Issuer, formerly known as SHG Services, Inc., became the successor to the Issuer's former parent company, Sun Healthcare Group, Inc. ("Old Sun"), following a spin-off transaction pursuant to which, on November 15, 2010, Old Sun distributed to each of its stockholders one share of the Issuer's Common Stock for every three shares of Old Sun's Common Stock held by such stockholders as of the close of business on November 5, 2010 (the "Separation"). This Report is being filed voluntarily by the Reporting Person solely to report the shares of the Issuer's Common Stock beneficially owned by the Reporting Person following the Separation.
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(
2)
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Includes 5,305 unvested restricted stock units that have not yet been paid in shares of the Issuer's Common Stock.
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(
3)
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The option became exercisable as to 25% on March 15, 2010, and becomes exercisable at the rate of 25% on each of March 15, 2011 2012, and 2013.
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(
4)
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The option becomes exercisable at the rate of 25% on each of March 15, 2011, 2012, 2013 and 2014.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Riddle Brandi M.
101 SUN AVE. NE
ALBUQUERQUE, NM 87109
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VP and Treasurer
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Signatures
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Michael T. Berg, Attorney in Fact
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11/19/2010
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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