SEC Form 4 · accession 0001209191-15-070995
Cornerstone OnDemand Inc · CSOD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirsten Maas Helvey
Officer — SVP, Client Success
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 14, 2015 | M | 40,000 | $12.54 | A | 85,568 | D | |
| Common StockF1 | Sep 14, 2015 | S | 25,735 | $37.503 | D | 59,833 | D | |
| Common Stock | Sep 15, 2015 | S | 14,265 | $37.50 | D | 45,568 | D |
Table II — derivative securities
| 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 | 40,000 | D | — | Oct 1, 2021 | Common Stock | 40,000 | 60,000 | D |
Explanation of responses
- F1This sale price represents the weighted average sale price of the shares sold ranging from $37.50 to $37.56 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.