Form 4 for HSTM HEALTHSTREAM INC
Accepted 2023-05-25 00:00:00 ET · period of report 2023-05-25 · accession 0001437749-23-015908 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-25 | 2023-05-25 | HSTM | SHMERLING MICHAEL D | Dir | M - OptEx | $0.00 | +3,241 | 133.6K | +2% | $0 |
| DM | 2023-05-25 | 2023-05-25 | HSTM | SHMERLING MICHAEL D | Dir | M - OptEx | $0.00 | -3,241 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock Holding | 2023-05-25 | M | A | 3,241 | $0.00 | 133,609 | D | — | — | (F1) Shares acquired upon acceleration of the vesting of multiple grants of restricted share units ("RSUs") upon Mr. Shmerling's retirement from service on the Board of Directors ("Board") of HealthStream, Inc. (the "Company"). |
| 2 | Derivative | Restricted Share Units | 2023-05-25 | M | D | 2,297 | $0.00 | 0 | D | $0.00 · — to — | 2,297 Common Stock | (F2) Each RSU represents the contingent right to receive one share of common stock upon vesting of the unit. (F5) Reflects an amendment made to the terms of previously granted RSUs to provide for acceleration of the vesting of the unvested RSUs in connection with Mr. Shmerling's retirement from service on the Company's Board. These RSUs were initially subject to a three-year vesting schedule, contingent upon continued service at the time of vesting, and were originally scheduled to vest annually beginning March 23, 2023 in three equal installments. In connection with Mr. Shmerling's decision to retire from service on the Board effective concurrently with the Company's 2023 annual meeting of shareholders, the Company's Compensation Committee approved the accelerated vesting of all unvested RSUs to instead vest concurrent with his retirement as of the annual shareholder meeting date of May 25, 2023. (F4) Not applicable. |
| 3 | Derivative | Restricted Share Units | 2023-05-25 | M | D | 944 | $0.00 | 0 | D | $0.00 · — to — | 944 Common Stock | (F2) Each RSU represents the contingent right to receive one share of common stock upon vesting of the unit. (F3) Reflects an amendment made to the terms of previously granted RSUs to provide for acceleration of the vesting of the unvested RSUs in connection with Mr. Shmerling's retirement from service on the Company's Board. These RSUs were initially subject to a three-year vesting schedule, contingent upon continued service at the time of vesting, and were originally scheduled to vest annually beginning March 17, 2022 in three equal installments. In connection with Mr. Shmerling's decision to retire from service on the Board effective concurrently with the Company's 2023 annual meeting of shareholders, the Company's Compensation Committee approved the accelerated vesting of all unvested RSUs to instead vest concurrent with his retirement as of the annual shareholder meeting date of May 25, 2023. (F4) Not applicable. |