FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
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
                      

1. Name and Address of Reporting Person *

MATHIES WILLIAM A

2. Date of Event Requiring Statement (MM/DD/YYYY)
11/15/2010 

3. Issuer Name and Ticker or Trading Symbol

SUN HEALTHCARE GROUP INC [SUNHD]

(Last)        (First)        (Middle)

18831 VON KARMAN, SUITE 400

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
CEO and Chairman /

(Street)

IRVINE, CA 92612       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   67523   (1) (2) D    
Common Stock   67250   I   By Mathies Family Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)     (3) 5/30/2013   Common Stock   16527   (1) $9.89   D    
Employee Stock Option (Right to Buy)     (4) 3/14/2014   Common Stock   22685   (1) $14.89   D    
Employee Stock Option (Right to Buy)     (5) 3/16/2015   Common Stock   83025   (1) $15.02   D    
Employee Stock Option (Right to Buy)     (6) 3/16/2016   Common Stock   50645   (1) $11.92   D    
Employee Stock Option (Right to Buy)     (7) 3/23/2017   Common Stock   50645   (7) $11.82   D    

Explanation of Responses:
( 1)  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.
( 2)  Consists of unvested restricted stock units that have not yet been paid in shares of the Issuer's Common Stock.
( 3)  The option became exercisable at the rate of 25% on each of May 31, 2007, 2008, 2009 and 2010.
( 4)  The option became exercisable at the rate of 25% on each of March 15, 2008, 2009 and 2010, and becomes exercisable as to 25% on March 15, 2011.
( 5)  The option became exercisable at the rate of 25% on each of March 15, 2009 and 2010, and becomes exercisable at the rate of 25% on each of March 15, 2011 and 2012.
( 6)  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.
( 7)  This option becomes exercisable at the rate of 25% on each of March 15, 2011, 2012, 2013, and 2014.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MATHIES WILLIAM A
18831 VON KARMAN
SUITE 400
IRVINE, CA 92612


CEO and Chairman

Signatures
Michael T. Berg, Attorney in Fact 11/19/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Sun Healthcare Grp. (MM) (NASDAQ:SUNHD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Sun Healthcare Grp. (MM) Charts.
Sun Healthcare Grp. (MM) (NASDAQ:SUNHD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Sun Healthcare Grp. (MM) Charts.