SEC Form 4 · accession 0001567619-19-004671
CASTLIGHT HEALTH, INC. · CSLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M.P. Eric Chan
Officer — Chief Accounting Officer
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 6:12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Feb 13, 2019 | A | 30,000 | A | — | — | Class B Common Stock | 30,000 | 30,000 | D |
| Employee Stock Option (right to buy)F3 | $3.22 | Feb 13, 2019 | A | 10,000 | A | — | Feb 12, 2029 | Class B Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Each 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.
- F2The RSUs will vest in equal quarterly installments over four years, beginning on May 16, 2019. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be sold by the Reporting Person to cover any tax withholding obligations.
- F3The stock option will vest in equal quarterly installments over four years, beginning on May 16, 2019, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.