Newell Robert Derek 4
4 · CASTLIGHT HEALTH, INC. · Filed Feb 20, 2018
Insider Transaction Report
Form 4
Newell Robert Derek
DirectorPresident
Transactions
- Award
Restricted Stock Units
2018-02-15+380,000→ 380,000 totalExercise: $0.00→ Class B Common Stock (380,000 underlying) - Award
Restricted Stock Units
2018-02-15+53,055→ 53,055 totalExercise: $0.00→ Class B Common Stock (53,055 underlying)
Footnotes (2)
- [F1]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.
- [F2]The RSUs will vest in equal quarterly installments over four years, beginning on May 16, 2018. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be sold by the Reporting Person to cover any tax withholding obligations.