HEALTHSTREAM INC — Director's Dealing 2011

Aug 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHSTREAM INC (HSTM)
CIK: 0001095565
Period of Report: 2011-08-05

Reporting Person: O'Hara Kevin P (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-05	Common Stock	M	7000	$2.75	Acquired	79000	Direct
2011-08-05	Common Stock	M	34000	$3.75	Acquired	113000	Direct
2011-08-05	Common Stock	M	19200	$2.80	Acquired	132200	Direct
2011-08-05	Common Stock	M	6000	$2.01	Acquired	138200	Direct
2011-08-05	Common Stock	M	2000	$3.58	Acquired	140200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-05	Employee Stock Option (right to buy)	$2.75	M	7000	Disposed	2014-02-09	Common Stock (7000)	Direct
2011-08-05	Employee Stock Option (right to buy)	$3.75	M	8500	Disposed	2015-03-07	Common Stock (8500)	Direct
2011-08-05	Employee Stock Option (right to buy)	$3.75	M	8500	Disposed	2015-03-07	Common Stock (8500)	Direct
2011-08-05	Employee Stock Option (right to buy)	$3.75	M	8500	Disposed	2015-03-07	Common Stock (8500)	Direct
2011-08-05	Employee Stock Option (right to buy)	$3.75	M	8500	Disposed	2015-03-07	Common Stock (8500)	Direct
2011-08-05	Employee Stock Option (right to buy)	$2.80	M	3200	Disposed	2016-04-04	Common Stock (3200)	Direct
2011-08-05	Employee Stock Option (right to buy)	$2.80	M	6400	Disposed	2016-04-04	Common Stock (6400)	Direct
2011-08-05	Employee Stock Option (right to buy)	$2.80	M	9600	Disposed	2016-04-04	Common Stock (9600)	Direct
2011-08-05	Employee Stock Option (right to buy)	$2.01	M	2000	Disposed	2017-02-12	Common Stock (2000)	Direct
2011-08-05	Employee Stock Option (right to buy)	$2.01	M	4000	Disposed	2017-02-12	Common Stock (4000)	Direct
2011-08-05	Employee Stock Option (right to buy)	$3.58	M	2000	Disposed	2018-02-11	Common Stock (2000)	Direct