SEC Form 4 · accession 0001140361-16-055212
CASTLIGHT HEALTH, INC. · CSLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Chaloemtiarana
Officer — General Counsel
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433714
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | $11.93 | Feb 24, 2016 | D | 225,000 | D | — | Oct 14, 2024 | Common Stock | 225,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3 | $2.99 | Feb 24, 2016 | A | 225,000 | A | — | Feb 23, 2026 | Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1The option provided for vesting of 20% of the shares on September 2, 2015, then in twelve installments each consisting of 1.667% of the shares after the completion of each additional consecutive month of service, and with respect to the remaining shares, in 24 equal installments upon the completion of each additional consecutive month of service thereafter.
- F2On February 24, 2016, the Issuer canceled, pursuant to the Issuer's option exchange program, an option for 225,000 shares of the Issuer's stock granted to the Reporting Person on October 15, 2014. In exchange, the Reporting Person received a replacement option, for 225,000 shares, having an exercise price of $2.99 a share.
- F3The option will vest over five years in 60 equal monthly installments beginning on March 24, 2016.