CASTLIGHT HEALTH, INC. 4
4 · CASTLIGHT HEALTH, INC. · Filed May 5, 2017
Insider Transaction Report
Form 4
Newell Robert Derek
DirectorPresident
Transactions
- Award
Employee Stock Option (right to buy)
2017-05-04+200,000→ 200,000 totalExercise: $3.60Exp: 2027-05-03→ Class B Common Stock (200,000 underlying) - Award
Restricted Stock Units
2017-05-04+48,700→ 48,700 totalExercise: $0.00→ Class B Common Stock (48,700 underlying)
Footnotes (3)
- [F1]25% of the shares subject to the option vests on May 4, 2018, and thereafter vests as to 1/48th of the shares in equal monthly installments.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class B common stock upon settlement for no consideration.
- [F3]25% of the RSUs will vest on May 16, 2018 and the remainder will vest quarterly over three years thereafter in equal installments. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting.