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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Morgan Sandra L.
2. Date of Event Requiring Statement (Month/Day/Year)
01/29/2015
3. Issuer Name and Ticker or Trading Symbol
HCA Holdings, Inc. [HCA]
(Last)
(First)
(Middle)
ONE PARK PLAZA
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP-Provider Relations
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NASHVILLE, TN 37203
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 3,751.8654 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
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
Non-Qualified Stock Option (right to buy)   (2) 05/28/2018 Common Stock 12,289 $ 5.7847 D  
Non-Qualified Stock Option (right to buy)   (3) 05/28/2018 Common Stock 6,144 $ 13.1698 D  
Non-Qualified Stock Option (right to buy)   (4) 05/28/2018 Common Stock 6,144 $ 5.7847 D  
Non-Qualified Stock Option (right to buy) 05/28/2009 05/28/2018 Common Stock 3,072 $ 13.1698 D  
Non-Qualified Stock Option (right to buy) 05/28/2010 05/28/2018 Common Stock 3,072 $ 8.1754 D  
Non-Qualified Stock Option (right to buy)   (5) 05/28/2018 Common Stock 6,144 $ 5.7847 D  
Non-Qualified Stock Option (right to buy)   (6) 08/27/2019 Common Stock 3,378 $ 15.9112 D  
Non-Qualified Stock Option (right to buy)   (7) 08/27/2019 Common Stock 6,756 $ 6.4772 D  
Non-Qualified Stock Option (right to buy)   (8) 08/27/2019 Common Stock 6,759 $ 5.9821 D  
Non-Qualified Stock Option (right to buy) 08/27/2010 08/27/2019 Common Stock 3,378 $ 10.9168 D  
Non-Qualified Stock Option (right to buy) 08/27/2011 08/27/2019 Common Stock 3,378 $ 6.4772 D  
Non-Qualified Stock Option (right to buy)   (9) 08/27/2019 Common Stock 10,137 $ 5.9821 D  
Stock Appreciation Right   (10) 02/08/2022 Common Stock 6,250 $ 22.95 D  
Stock Appreciation Right   (11) 02/08/2022 Common Stock 6,250 $ 22.95 D  
Stock Appreciation Right   (12) 02/08/2022 Common Stock 6,250 $ 22.95 D  
Stock Appreciation Right   (13) 02/06/2023 Common Stock 2,125 $ 37.18 D  
Stock Appreciation Right 02/06/2014 02/06/2023 Common Stock 2,125 $ 37.18 D  
Stock Appreciation Right   (14) 02/06/2023 Common Stock 6,375 $ 37.18 D  
Stock Appreciation Right   (15) 02/05/2024 Common Stock 7,000 $ 47.97 D  
Restricted Stock Units   (16) 02/08/2022 Common Stock 1,250 $ (17) D  
Restricted Stock Units   (18) 02/06/2023 Common Stock 1,688 $ (17) D  
Restricted Stock Units   (19) 02/05/2024 Common Stock 2,000 $ (17) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Morgan Sandra L.
ONE PARK PLAZA
NASHVILLE, TN 37203
      SVP-Provider Relations  

Signatures

/s/ Kevin A. Ball, Attorney-in-Fact 02/06/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 211.8654 shares acquired under the HCA Holdings, Inc. Employee Stock Purchase Plan.
(2) On May 28, 2008, the reporting person was granted an option to purchase 12,289 shares of common stock, which vest upon achievement of certain predetermined investment return targets. 1/3 of the option vested as a result of the achievement of certain specified investment return targets as of the closing of the initial public offering of the Issuer's securities on March 15, 2011, 1/3 of the option vested as a result of the achievement of certain specified investment return targets as of December 31, 2011 and 1/3 of the option vested as a result of the achievement of certain specified investment return targets as of December 31, 2012.
(3) The option vested at the end of fiscal years 2008 and 2009 based upon the achievement of certain annual EBITDA performance targets.
(4) The option vested at the end of fiscal years 2010 and 2011 based upon the achievement of certain annual EBITDA performance targets.
(5) The option vested in two equal annual installments beginning on May 28, 2011.
(6) The option vested at the end of fiscal year 2009 based upon the achievement of certain annual EBITDA performance targets.
(7) The option vested in two equal installments at the end of fiscal years 2010 and 2011 based upon the achievement of certain annual EBITDA performance targets.
(8) The option vested in equal increments (i) at the end of fiscal year 2012 upon the achievement of certain annual EBITDA performance targets and (ii) upon a change in control (as defined in the 2006 Stock Incentive Plan for Key Employees of HCA Holdings, Inc. and its Affiliates as Amended and Restated) of the Issuer which occurred effective November 1, 2013.
(9) The option was scheduled to vest in three equal annual installments beginning on August 27, 2012. A change in control of the Issuer occurred effective November 1, 2013, resulting in the accelerated vesting of the option as to the shares that remained unvested.
(10) On February 8, 2012, the reporting person was granted 12,500 stock appreciation rights. The stock appreciation rights are eligible to vest in equal increments of up to 25% at the end of fiscal years 2012, 2013, 2014 and 2015 based upon the extent to which certain EBITDA performance targets have been met for the applicable fiscal year. EBITDA performance criteria for 2012 and 2013 was met, resulting in the vesting of 6,250 stock appreciation rights.
(11) The stock appreciation rights vested in two equal annual installments beginning on February 8, 2013.
(12) The stock appreciation rights vest in two equal annual installments beginning on February 8, 2015.
(13) On February 6, 2013, the reporting person was granted 8,500 stock appreciation rights. The stock appreciation rights are eligible to vest in equal increments of up to 25% at the end of fiscal years 2013, 2014, 2015 and 2016 based upon the extent to which certain EBITDA performance targets have been met for the applicable fiscal year. EBITDA performance criteria for 2013 was met, resulting in the vesting of 2,125 stock appreciation rights.
(14) The stock appreciation rights vest in three equal annual installments beginning on February 6, 2015.
(15) The stock appreciation rights vest in four equal annual installments beginning on February 5, 2015.
(16) The restricted stock units vest in two equal annual installments beginning February 8, 2015.
(17) Each restricted stock unit represents a contingent right to receive one share of HCA Holdings, Inc. common stock.
(18) The restricted stock units vest in three equal annual installments beginning February 6, 2015.
(19) The restricted stock units vest in four equal annual installments beginning February 5, 2015.

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