Robert A. Frist, Jr., co-founder, has served as chief executive officer, president, and chairman of the board of directors since 1990. He is a board member at Nashville's Adventure Science Center and for the Minnie Pearl Cancer Foundation. He graduated with a Bachelor of Science in business with concentrations in finance, economics, and marketing from Trinity University. Over the last 18 years, Mr. Frist has introduced innovative learning and research solutions to the nation's hospitals and healthcare organizations, positioning HealthStream as a leader in healthcare education and research.

Elected 2002
Member of the Compensation Committee

Holdings: 88,500 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 13, 2009	Buy	10,000	1.90 - 2.00
Nov 13, 2008	Buy	2,100	2.45
Nov 12, 2008	Buy	1,400	2.40
Nov 15, 2007	Buy	4,300	3.20 - 3.23
Nov 14, 2007	Buy	2,673	3.15 - 3.23
Nov 13, 2007	Buy	7,327	3.00 - 3.15
Nov 13, 2007	Buy	700	3.11
Nov 7, 2006	Buy	5,500	3.45
Nov 6, 2006	Buy	4,500	3.43

Elected 1990
Member of the Audit Committee

Holdings: 137,467 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 4, 2009	Sell	60,000	4.45 - 4.55
Nov 3, 2009	Sell	7,600	3.95
Oct 31, 2009	Sell	400	3.95
Aug 18, 2009	Sell	350	3.90
Aug 14, 2009	Sell	18,613	3.90 - 3.92
Aug 7, 2009	Sell	50	4.05
Aug 6, 2009	Sell	3,242	4.05 - 4.07
Aug 5, 2009	Sell	15,528	4.05 - 4.12
Aug 4, 2009	Sell	4,130	4.00 - 4.12
Nov 14, 2008	Sell	8,175	2.65
Nov 12, 2008	Sell	15,000	2.50
Sep 21, 2007	Sell	20,000	3.00
Mar 30, 2006	Automatic Sell	19,344	3.40 - 3.70
Mar 27, 2006	Automatic Sell	656	3.40
Mar 16, 2006	Automatic Sell	32,500	3.17 - 3.36

Elected 1995
Chair of the Compensation Committee

Elected 1995
Member of the Nominating and Governance Committee

Elected 1998
Member of the Nominating and Governance Committee

Elected 2001
Chair of the Nominating and Governance Committee

Holdings: 20,000 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 5, 2007	Option Execute	20,000	1.24 - 1.66

Elected 2005
Member of the Audit Committee
Member of the Compensation Committee

Holdings: 123,637 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 3, 2009	Buy	6,675	3.87 - 3.92
Nov 2, 2009	Buy	4,142	3.82 - 3.85
Mar 18, 2009	Buy	3,500	1.94
Mar 9, 2009	Buy	6,760	1.94 - 1.95
Mar 6, 2009	Buy	7,000	1.92 - 1.98
Nov 6, 2008	Buy	10,000	2.20 - 2.22
Nov 6, 2008	Buy	13,029	2.20
Nov 4, 2008	Buy	625	2.17 - 2.23
Nov 7, 2007	Buy	20,600	3.29 - 3.34
Nov 7, 2007	Buy	9,400	3.29
Nov 6, 2007	Buy	7,870	3.29
Sep 21, 2007	Buy	20,000	3.00
May 3, 2007	Option Execute	5,000	3.36
Nov 14, 2006	Buy	5,000	3.58
Nov 13, 2006	Buy	592	3.39
Nov 10, 2006	Buy	3,444	3.39

Elected 2006
Chair of the Audit Committee

Holdings: 5,000 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 2, 2006	Buy	5,000	3.43 - 3.64
Sep 11, 2006	Statement of Ownership	0	n/a