SEC Form 4 · accession 0001209191-19-015175
Cornerstone OnDemand Inc · CSOD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam J. Weiss
Officer — Chief Administrative Officer
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 6:13 pm EST
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 StockF2 | Feb 28, 2019 | S | 4,274 | $56.79 | D | 97,599 | D | |
| Common Stock | Mar 1, 2019 | M | 1,556 | $1.26 | A | 99,155 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $1.26 | Feb 28, 2019 | M | 1,556 | D | — | Dec 30, 2019 | Common Stock | 1,556 | 0 | D |
Explanation of responses
- F1Shares sold to cover tax obligations in connection with the vesting of restricted stock units. This sale is mandated by the terms of the RSU agreement between the Reporting Person and the Issuer, and does not represent a discretionary trade by the Reporting Person.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $56.65 to $57.27 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.
- F3The shares subject to the option were fully vested and exercisable.