Board of Directors

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, the Minnie Pearl Cancer Foundation, and co-founder and board member of Nashville's Entrepreneur Center. He graduated with a Bachelor of Science in business from Trinity University. Over the last 21 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

Holdings: 5,257,003 shares     View Transactions
Date	Type	Shares Traded	Price Range
Feb 12, 2013	Option Execute	56,000	3.18
Jul 31, 2012	Disposition (Non Open Market)	150,000	n/a
Jan 23, 2012	Option Execute	50,000	2.69
Mar 6, 2009	Buy	35,300	1.98 - 2.00
Mar 5, 2009	Buy	10,700	1.95 - 2.00
Mar 4, 2009	Buy	4,000	1.94
Nov 14, 2008	Buy	10,000	2.53 - 2.54
Nov 12, 2008	Buy	169,000	2.30 - 2.50
Nov 11, 2008	Buy	52,900	2.25 - 2.38
Nov 10, 2008	Buy	7,500	2.31

Elected 1995

Elected 2002

Holdings: 107,914 shares     View Transactions
Date	Type	Shares Traded	Price Range
May 10, 2013	Option Execute	10,000	1.54
Mar 21, 2013	Option Execute	1,000	n/a
Oct 19, 2012	Acquisition (Non Open Market)	914	29.36
May 24, 2012	Option Execute	5,000	1.39
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

Holdings: 1,000 shares     View Transactions
Date	Type	Shares Traded	Price Range
Mar 21, 2013	Option Execute	1,000	n/a
Sep 8, 2010	Statement of Ownership	0	n/a

Elected 1990

Holdings: 13,467 shares     View Transactions
Date	Type	Shares Traded	Price Range
May 20, 2013	Automatic Sell	2,733	25.05
May 20, 2013	Option Execute	2,733	2.45
May 17, 2013	Automatic Sell	7,267	25.00
May 17, 2013	Option Execute	7,267	2.45
May 15, 2013	Automatic Sell	6,000	24.03
May 15, 2013	Option Execute	6,000	2.99
Mar 28, 2013	Sell	6,000	23.05
Mar 28, 2013	Option Execute	6,000	3.53
Mar 26, 2013	Sell	5,000	22.07
Mar 26, 2013	Option Execute	5,000	3.36
Mar 21, 2013	Option Execute	1,000	n/a
Mar 6, 2013	Sell	40,638	20.94
Mar 4, 2013	Sell	100	21.95
Mar 1, 2013	Sell	29,262	21.90
Mar 1, 2013	Option Execute	20,000	1.54 - 2.88
Nov 23, 2011	Sell	30,000	15.44
Nov 23, 2011	Option Execute	5,000	1.39
Aug 16, 2010	Sell	15,000	4.92 - 4.95
Aug 13, 2010	Sell	35,000	4.90 - 4.98
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 2006

Holdings: 7,000 shares     View Transactions
Date	Type	Shares Traded	Price Range
Mar 21, 2013	Option Execute	1,000	n/a
Aug 13, 2010	Buy	1,000	4.95 - 4.95
Nov 2, 2006	Buy	5,000	3.43 - 3.64
Sep 11, 2006	Statement of Ownership	0	n/a

Elected 2001

Holdings: 12,000 shares     View Transactions
Date	Type	Shares Traded	Price Range
Mar 21, 2013	Option Execute	1,000	n/a
Mar 4, 2013	Sell	14,000	20.80 - 20.86
Feb 20, 2013	Option Execute	5,000	1.54
Nov 23, 2011	Sell	10,000	15.44
Nov 23, 2011	Option Execute	10,000	1.39 - 1.54
Nov 5, 2007	Option Execute	20,000	1.24 - 1.66

Elected 2005

Holdings: 108,437 shares     View Transactions
Date	Type	Shares Traded	Price Range
Mar 21, 2013	Option Execute	1,000	n/a
Mar 12, 2013	Option Execute	10,000	2.45
Aug 17, 2012	Disposition (Non Open Market)	4,000	n/a
Jun 7, 2012	Disposition (Non Open Market)	10,700	n/a
May 30, 2012	Option Execute	6,000	2.99
May 29, 2012	Option Execute	6,000	3.53
May 4, 2012	Disposition (Non Open Market)	11,000	n/a
Dec 23, 2011	Disposition (Non Open Market)	12,500	n/a
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 1998

Holdings: 4,600 shares     View Transactions
Date	Type	Shares Traded	Price Range
Mar 21, 2013	Option Execute	1,000	n/a
Mar 11, 2013	Sell	3,900	20.86
Mar 11, 2013	Option Execute	3,500	5.99
Dec 7, 2012	Option Execute	4,000	5.99
Sep 8, 2010	Statement of Ownership	0	n/a