Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
Elcan Patricia F
2. Issuer Name and Ticker or Trading Symbol
HCA Holdings, Inc. [HCA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

3100 WEST END AVENUE
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2015
(Street)


NASHVILLE, TN 37203
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock, par value $0.01 per share 02/25/2015   G 71,274.9611 A $ 0 416,230.3707 I Held indirectly by The Patricia Frist Elcan 2015 Annuity Trust I (1) (2) (3)
Common Stock, par value $0.01 per share 02/25/2015   G 208,558.1295 A $ 0 624,788.5002 I Held indirectly by The Patricia Frist Elcan 2015 Annuity Trust I (1) (2) (3)
Common Stock, par value $0.01 per share 05/26/2015   G 45,296.571 A $ 0 790,609.571 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2015 Annuity Trust II (1) (2)
Common Stock, par value $0.01 per share             41,052 D (4)  
Common Stock, par value $0.01 per share             776,573.9641 I Held indirectly through Hercules Holding II, LLC (1) (4)
Common Stock, par value $0.01 per share             996,767.289 I Held indirectly by spouse and children (1) (5)
Common Stock, par value $0.01 per share             461,046.2045 I Held indirectly by Patricia F. Elcan Grat III Trust II (1) (6)
Common Stock, par value $0.01 per share             237,863.9997 I Held indirectly by Patricia F. Elcan Grat II Trust I (1) (7)
Common Stock, par value $0.01 per share             439,142.8945 I Held indirectly by Elcan Investment Partnership (1) (8)
Common Stock, par value $0.01 per share             169,207.7998 I Held indirectly by Elcan Children's Trust (1) (9)
Common Stock, par value $0.01 per share             120,956 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2013 Annuity Trust V (1) (10)
Common Stock, par value $0.01 per share             1,055,791.9574 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2014 Annuity Trust II (1) (10)
Common Stock, par value $0.01 per share             402,986.0894 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2014 Annuity Trust III (1) (10)
Common Stock, par value $0.01 per share             706,405.0893 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2014 Annuity Trust IV (1) (10)
Common Stock, par value $0.01 per share             218,042 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2014 Annuity Trust V (1) (10)
Common Stock, par value $0.01 per share             62,050.5988 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2014 Annuity Trust VI (1) (10)
Common Stock, par value $0.01 per share             227,621 I Held indirectly through Hercules Holding II, LLC by The Patricia Frist Elcan 2015 Annuity Trust III (1) (10)
Common Stock, par value $0.01 per share             700,914.9294 I Held indirectly by GRATs (1) (11)
Common Stock, par value $0.01 per share             36,629,163.8593 I Held indirectly through Hercules Holding II, LLC by Frisco, Inc. (1) (12)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Elcan Patricia F
3100 WEST END AVENUE
NASHVILLE, TN 37203
    X    

Signatures

/s/ Natalie Harrison Cline, Attorney-in-Fact 02/16/2016
**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) Hercules Holding II, LLC ("Hercules") holds 84,137,913 shares of the common stock of HCA Holdings, Inc. Hercules has issued one unit per share of HCA Holdings, Inc. that it owns directly. Hercules is held by a private investor group, including affiliates of Kohlberg Kravis Roberts & Co. L.P. and affiliates of HCA Inc. founder Dr. Thomas F. Frist, Jr. The Reporting Person may be deemed to be a member of a group exercising voting and investment control over the shares of common stock of HCA Holdings, Inc. held by Hercules. However, the Reporting Person disclaims membership in any such group and disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein.
(2) The Reporting Person received gifts of 71,274.9611 and 208,558.1295 units of Hercules on February 25, 2015, which were subsequently transferred to The Patricia Frist Elcan 2015 Annuity Trust I, of which she serves as trustee. The Reporting Person received a gift of 45,296.571 units of Hercules on May 26, 2015, which were subsequently transferred to The Patricia Frist Elcan 2015 Annuity Trust II, of which she serves as trustee. Following receipt of these gifts, the Reporting Person may be deemed the beneficial owner of the units of Hercules held by these trusts, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(3) The Reporting Person is trustee of the Patricia Frist Elcan 2015 Annuity Trust I and may be deemed to be the beneficial owner of the 15,941 shares of common stock of HCA Holdings, Inc. held by such trust. The Reporting Person may also be deemed to be the beneficial owner of the 608,847.5002 units of Hercules held by such trust and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(4) The Reporting Person jointly owns with her husband 41,052 shares of common stock of HCA Holdings, Inc. and 776,573.9641 units of Hercules and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc. by virtue of her membership in Hercules.
(5) The Reporting Person may be deemed to have indirect beneficial ownership in respect of 34,951 shares of common stock of HCA Holdings, Inc. through an indirect pecuniary interest in such shares held by her husband and children. In addition, the Reporting Person may be deemed to have indirect beneficial ownership in respect of 961,816.289 units of Hercules, through an indirect pecuniary interest in such units held by her husband and children, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(6) The Reporting Person's husband is the trustee of the Patricia F. Elcan Grat III Trust II and the Reporting Person may therefore be deemed to be the beneficial owner of the 23,148 shares of common stock of HCA Holdings, Inc. held by such trust. The Reporting Person may also be deemed to be the beneficial owner of the 437,898.2045 units of Hercules held by such trust and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(7) The Reporting Person's husband is the trustee of the Patricia F. Elcan Grat II Trust I and the Reporting Person may therefore be deemed to be the beneficial owner of the 11,943 shares of common stock of HCA Holdings, Inc. held by such trust. The Reporting Person may also be deemed to be the beneficial owner of the 225,920.9997 units of Hercules held by such trust and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(8) The Reporting Person may me deemed to be the beneficial owner of the 22,049 shares of common stock of HCA Holdings, Inc. held by Elcan Investment Partnership. The Reporting Person may also be deemed to be the beneficial owner of the 417,093.8945 units of Hercules held by Elcan Investment Partnership, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(9) The Reporting Person's husband is the trustee of the Elcan Children's Trust and the Reporting Person may therefore be deemed to be the beneficial owner of the 8,495 shares of common stock of HCA Holdings, Inc. held by such trust. The Reporting Person may also be deemed to be the beneficial owner of the 160,712.7998 units of Hercules held by such trust and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(10) The Reporting Person is the trustee of (i) The Patricia Frist Elcan 2013 Annuity Trust V, (ii) The Patricia Frist Elcan 2014 Annuity Trust II, (iii) The Patricia Frist Elcan 2014 Annuity Trust III, (iv) The Patricia Frist Elcan 2014 Annuity Trust IV, (v) The Patricia Frist Elcan 2014 Annuity Trust V, (vi) The Patricia Frist Elcan 2014 Annuity Trust VI and (vii) The Patricia Frist Elcan 2015 Annuity Trust III and may be deemed to be the beneficial owner of the units of Hercules held by these trusts, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(11) The Reporting Person is the trustee of three additional grantor retained annuity trusts for the benefit of her children and the Reporting Person's husband is the trustee of three additional grantor retained annuity trusts for the benefit of her children and the Reporting Person may, accordingly, be deemed to be the beneficial owner of the aggregate of 35,190 shares of common stock of HCA Holdings, Inc. held by such trusts. In addition, the Reporting Person may be deemed to be the beneficial owner of the 665,724.9294 units of Hercules held by such trusts, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.
(12) The Reporting Person may be deemed to share voting and dispositive power with respect to 36,629,163.8593 shares of HCA Holdings, Inc. beneficially owned by Frisco, Inc., by virtue of her position as a director of Frisco, Inc. Frisco, Inc. has beneficial ownership of 36,629,163.8593 units of Hercules, and therefore may be deemed to own indirectly the same number of shares of common stock of HCA Holdings, Inc.

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