HEALTHSTREAM INC — Director's Dealing 2011

Nov 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHSTREAM INC (HSTM)
CIK: 0001095565
Period of Report: 2011-11-23

Reporting Person: NEWMAN ARTHUR E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-23	Common Stock	S	50000	$15.4375	Disposed	124500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect

Footnotes

F1: This amount represents the $16.25 secondary public offering price per share of common stock, no par value ("Common Stock"), of HealthStream, Inc. less the underwriting discount of $0.8125 per share of Common Stock.