SEC Form 4 · accession 0001140361-17-018619
CASTLIGHT HEALTH, INC. · CSLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Derek Newell
Officer — President · Director
Period of report
May 4, 2017
Accepted (ET)
May 5, 2017 · 4:25 pm EDT
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)F1 | $3.60 | May 4, 2017 | A | 200,000 | A | — | May 3, 2027 | Class B Common Stock | 200,000 | 200,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | May 4, 2017 | A | 48,700 | A | — | — | Class B Common Stock | 48,700 | 48,700 | D |
Explanation of responses
- F125% of the shares subject to the option vests on May 4, 2018, and thereafter vests as to 1/48th of the shares in equal monthly installments.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class B common stock upon settlement for no consideration.
- F325% of the RSUs will vest on May 16, 2018 and the remainder will vest quarterly over three years thereafter in equal installments. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting.