Filing Details

Accession Number:
0001567619-19-011698
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-20 18:37:12
Reporting Period:
2019-05-16
Accepted Time:
2019-05-20 18:37:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1433714 Castlight Health Inc. CSLT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1278454 C John Doyle C/O Castlight Health, Inc.
150 Spear St., Suite 400
San Francisco CA 94105
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock Acquisiton 2019-05-16 7,812 $0.00 317,315 No 4 M Direct
Class B Common Stock Acquisiton 2019-05-16 18,750 $0.00 336,065 No 4 M Direct
Class B Common Stock Acquisiton 2019-05-16 23,750 $0.00 359,815 No 4 M Direct
Class B Common Stock Acquisiton 2019-05-16 32,437 $0.00 392,252 No 4 M Direct
Class B Common Stock Disposition 2019-05-17 29,882 $3.40 362,370 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Restricted Stock Units Disposition 2019-05-16 7,812 $0.00 7,812 $0.00
Class B Common Stock Restricted Stock Units Disposition 2019-05-16 18,750 $0.00 18,750 $0.00
Class B Common Stock Restricted Stock Units Disposition 2019-05-16 23,750 $0.00 23,750 $0.00
Class B Common Stock Restricted Stock Units Disposition 2019-05-16 32,437 $0.00 32,437 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
23,438 No 4 M Direct
93,750 No 4 M Direct
261,250 No 4 M Direct
486,563 No 4 M Direct
Footnotes
  1. Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on February 26, 2016, the grant of which was previously reported by the Reporting Person on a Form 4.
  2. Release and settlement of RSUs granted to the Reporting Person on July 8, 2016, the grant of which was previously reported by the Reporting Person on a Form 4.
  3. Release and settlement of RSUs granted to the Reporting Person on February 15, 2018, the grant of which was previously reported by the Reporting Person on a Form 4.
  4. Release and settlement of RSUs granted to the Reporting Person on April 5, 2019, the grant of which was previously reported by the Reporting Person on a Form 4.
  5. Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
  6. Represents the weighted average sales price per share. The shares sold at prices ranging from $3.42 to $3.53 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
  7. Each RSU represents a contingent right to receive 1 share of the Issuer's Class B common stock upon settlement for no consideration.
  8. The RSUs vest over 4 years as follows: 25% of the RSUs vested on February 16, 2017 and the remainder will vest on each quarterly anniversary thereafter in equal installments. 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.
  9. 25% of the RSUs vested on August 16, 2017 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, at which time shares will be sold by the Reporting Person to cover any tax withholding obligations.
  10. The RSUs will vest in equal quarterly installments over four years, beginning on May 16, 2018. 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.
  11. The 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.