SEC Form 4 · accession 0001140361-16-055213
CASTLIGHT HEALTH, INC. · CSLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John McCracken
Officer — SVP, World Wide Sales
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 | $11.06 | Feb 24, 2016 | D | 400,000 | D | — | Nov 16, 2024 | Common Stock | 400,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3 | $2.99 | Feb 24, 2016 | A | 400,000 | A | — | Feb 23, 2026 | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1The option provided for vesting of 20% of the shares subject to the option on November 3, 2015, and the remaining shares in 48 monthly installments thereafter until fully vested.
- F2On February 24, 2016, the Issuer canceled, pursuant to the Issuer's option exchange program, an option for 400,000 shares of the Issuer's stock granted to the Reporting Person on November 17, 2014. In exchange, the Reporting Person received a replacement option, for 400,000 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.