4//SEC Filing
CASTLIGHT HEALTH, INC. 4
Accession 0001140361-16-066194
CIK 0001433714operating
Filed
May 17, 8:00 PM ET
Accepted
May 18, 7:41 PM ET
Size
9.9 KB
Accession
0001140361-16-066194
Insider Transaction Report
Form 4
McCracken John
SVP, World Wide Sales
Transactions
- Sale
Class B Common Stock
2016-05-18$3.99/sh−4,526$18,042→ 84,965 total - Exercise/Conversion
Restricted Stock Units
2016-05-17−20,000→ 280,000 totalExercise: $0.00→ Class B Common Stock (20,000 underlying) - Exercise/Conversion
Class B Common Stock
2016-05-17+20,000→ 89,491 total
Footnotes (5)
- [F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on November 17, 2014, the grant of which was previously reported by the Reporting Person on a Form 3.
- [F2]Represents the aggregate number of shares sold by the Reporting Person on the same day at different prices. All of these shares were sold to cover taxes and fees due upon the release and settlement of the RSU's. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
- [F3]Represents the weighted average sales price per share. The shares sold at prices ranging from $3.95 to $4.04 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- [F4]Each RSU represents a contingent right to receive 1 share of the Issuer's Class B common stock upon settlement for no consideration.
- [F5]The RSUs vest over 5 years as follows: 20% of the RSUs vested on November 17, 2015. Thereafter, the shares vest in 16 quarterly installments each consisting of 5% of the shares subject to the RSU until fully vested. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting.
Documents
Issuer
CASTLIGHT HEALTH, INC.
CIK 0001433714
Entity typeoperating
Related Parties
1- filerCIK 0001433714
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 7:41 PM ET
- Size
- 9.9 KB