SEC Form 4 · accession 0001209191-15-070993

Cornerstone OnDemand Inc · CSOD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior Vice President of Sales

Period of report

Sep 14, 2015

Accepted (ET)

Sep 16, 2015 · 6:01 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001401680

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Sep 14, 2015	M	5,927	$12.54	A	61,348	D
Common Stock	Sep 14, 2015	M	21,571	$23.81	A	82,919	D
Common Stock^F1	Sep 14, 2015	S	27,498	$37.589	D	55,421	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F2	$12.54	Sep 14, 2015	M	5,927	D	—	Oct 1, 2021	Common Stock	5,927	14,906	D
Employee Stock Option (right to buy)^F3	$23.81	Sep 14, 2015	M	10,568	D	—	Jul 1, 2022	Common Stock	10,568	5,563	D
Employee Stock Option (right to buy)^F4	$23.81	Sep 14, 2015	M	11,003	D	—	Jul 1, 2022	Common Stock	11,003	0	D

F1This sale price represents the weighted average sale price of the shares sold ranging from $37.41 to $37.81 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F2One-fourth the shares subject to the option vested on October 1, 2012 and one forty-eighth of the shares will vest monthly thereafter, provided that the Reporting Person is a service provider through each such vesting date.
F3One-fourth of the shares subject to the option vested on July 1, 2013 and one forty-eighth of the shares shall vest monthly thereafter, provided that the Reporting Person is a service provider on each such vesting date.
F4The shares subject to the option are fully vested and exercisable.