SEC Form 4 · accession 0001209191-16-124085
Cornerstone OnDemand Inc · CSOD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Joseph Carter
Officer — Senior Vice President of Sales
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 5:03 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 | May 25, 2016 | M | 14,906 | $12.54 | A | 70,327 | D | |
| Common Stock | May 25, 2016 | M | 4,450 | $23.81 | A | 74,777 | D | |
| Common StockF1 | May 25, 2016 | S | 19,356 | $37.749 | D | 55,421 | 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 | May 25, 2016 | M | 14,906 | D | — | Oct 1, 2021 | Common Stock | 14,906 | 0 | D |
| Employee Stock Option (right to buy)F3 | $23.81 | May 25, 2016 | M | 4,450 | D | — | Jul 1, 2022 | Common Stock | 4,450 | 1,113 | D |
Explanation of responses
- F1This sale price represents the weighted average sale price of the shares sold ranging from $37.73 to $37.79 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.
- F2The shares subject to the option were fully vested and exercisable.
- 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.