Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
Fraser Cathy
  2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [THC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. Vice President
(Last)
(First)
(Middle)
1445 ROSS AVENUE, SUITE 1400
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2009
(Street)

DALLAS, TX 75202
4. If Amendment, Date Original Filed(Month/Day/Year)
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 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 09/29/2009   M   6,666 A $ 5.79 42,827 D  
Common Stock 09/29/2009   F   1,764 D $ 5.79 41,063 D  

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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 Underlying Securities
(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 of Derivative Security: 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
2006 September Restricted Units (1) 09/29/2009   M     6,666   (1)   (1) Common Stock 6,666 $ 5.79 0 D  
2006 September Option (Right to Buy) $ 8.14               (2) 09/29/2016 Common Stock 20,000   20,000 D  
2007 March Option (Right to Buy) $ 6.6               (2) 03/01/2017 Common Stock 40,000   40,000 D  
2007 March Restricted Units $ 0 (1)               (1)   (1) Common Stock 6,667   6,667 D  
2007 Performance Based Restricted Units (CF) $ 0 (3)               (3)   (3) Common Stock 30,000   30,000 D  
2008 March Option (Right to Buy) $ 4.94               (2) 03/06/2018 Common Stock 110,000   110,000 D  
2008 March Restricted Units $ 0 (1)               (1)   (1) Common Stock 16,667   16,667 D  
2009 February Option (Right to Buy) $ 1.14               (2) 02/26/2019 Common Stock 400,000   400,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fraser Cathy
1445 ROSS AVENUE
SUITE 1400
DALLAS, TX 75202
      Sr. Vice President  

Signatures

 /s/ Kristina A. Mack, Attorney-in-fact for Cathy Fraser   10/01/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) These restricted units vest ratably on each of the first, second and third anniversaries of the date of grant. Restricted Units are settled in shares of the Company's common stock upon vesting.
(2) These derivative securities (stock options) vest ratably on each of the first, second and third anniversaries of the date of grant.
(3) On the third anniversary of the date of grant, these restricted units vest conditionally based on the average of the closing price of the company's common stock on the last 40 trading days of 2009 ("Stock Price") as follows: 15,000 restricted units vest if the Stock Price is $6.75 or less; 30,000 restricted units vest if the Stock Price is $8.50; and 45,000 restricted units if the Stock Price is $10.25 or greater. Straight-line interpolation will be used to determine the number of restricted units vesting for Stock Prices between the threshold prices stated. Restricted units are settled in shares of the Company's common stock upon vesting.

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