SEC Form 4 · accession 0001209191-16-131508
Cornerstone OnDemand Inc · CSOD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Goldin
Officer — Chief Technology Officer
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:04 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 StockF1,F2 | Jul 1, 2016 | A | 29,200 | $0.00 | A | 70,136 | D | |
| Common StockF3,F4 | Jul 5, 2016 | S | 5,563 | $38.06 | D | 64,573 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each share is represented by a Restricted Stock Unit ("RSU"). One-fourth (1/4) of the total RSUs will vest on each of the first four (4) anniversaries of July 1, 2016, subject to the Reporting Person's continued service as of each such vesting date.
- F2Includes shares acquired by the Reporting Person on June 10, 2016 pursuant to the Issuer's Employee Stock Purchase Plan.
- F3Shares sold pursuant to a Rule 10b5-1 trading plan to cover tax obligations in connection with the vesting of restricted stock units.
- F4This sale price represents the weighted average sale price of the shares sold ranging from $37.87 to $38.22 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.