HEALTHSTREAM INC — Director's Dealing 2011

May 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHSTREAM INC (HSTM)
CIK: 0001095565
Period of Report: 2011-05-26

Reporting Person: POLLEY DALE W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-26	Employee Stock Option (right to buy)	$12.23	A	5000	Acquired	2019-05-26	Common Stock (5000)	Direct
2011-05-26	Employee Stock Option (right to buy)	$12.23	A	5000	Acquired	2019-05-26	Common Stock (5000)	Direct
2011-05-26	Employee Stock Option (right to buy)	$12.23	A	5000	Acquired	2019-05-26	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6000	Direct