SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GLENVIEW CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
767 FIFTH AVENUE
44TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [ THC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/15/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.05 par value 10/15/2012 P 34,649(1)(2) A $23.91(3) 13,240,605(1) I(2)(6) See footnotes 2 and 6
Common Stock, $0.05 par value 10/16/2012 P 398,734(1)(4) A $23.99(5) 13,639,339(1) I(4)(6) See footnotes 4 and 6
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
GLENVIEW CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
767 FIFTH AVENUE
44TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ROBBINS LAWRENCE M

(Last) (First) (Middle)
767 FIFTH AVENUE, 44TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The number of shares of the Issuer's Common Stock, $0.05 par value per share (the "Shares") reported as acquired and beneficially owned by the Reporting Persons reflects the reverse stock split of the Shares effected by the Issuer, as further described in the Form 8-K filed by the Issuer on October 11, 2012.
2. These Shares were purchased for the following accounts: 6,900 Shares purchased for the account of Glenview Capital Opportunity Fund, L.P.; 21,149 Shares purchased for the account of Glenview Offshore Opportunity Master Fund, Ltd.; and 6,600 Shares purchased for the account of GCM Opportunity Fund, L.P.
3. This price reflects the weighted average purchase price for open-market purchases of Shares made by the Reporting Persons on October 15, 2012 within a $1.00 range. The actual prices for these transactions range from $23.82 to $23.95, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
4. These Shares were purchased for the following accounts: 79,900 Shares purchased for the account of Glenview Capital Opportunity Fund, L.P.; 242,834 Shares purchased for the account of Glenview Offshore Opportunity Master Fund, Ltd.; and 76,000 Shares purchased for the account of GCM Opportunity Fund, L.P.
5. This price reflects the weighted average purchase price for open-market purchases of Shares made by the Reporting Persons on October 16, 2012 within a $1.00 range. The actual prices for these transactions range from $23.935 to $24.00, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
6. Glenview Capital Management, LLC serves as investment manager to Glenview Offshore Opportunity Master Fund, Ltd., Glenview Capital Opportunity Fund, L.P., and GCM Opportunity Fund, L.P. Mr. Robbins is the Chief Executive Officer of Glenview Capital Management, LLC. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.
Remarks:
Exhibit List: The Power of Attorney filed as Exhibit 2 to the Schedule 13G/A filed by the Reporting Persons on September 18, 2012 to reflect their beneficial ownership of the Shares reported herein is incorporated herein by reference.
/s/ Mark J. Horowitz, Chief Operating Officer and General Counsel of Glenview Capital Management, LLC and attorney-in-fact for Lawrence M. Robbins 10/17/2012
** 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 4 (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).
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