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As filed with the Securities and Exchange Commission on May 23, 2000
Registration No. 333-37440
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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POST EFFECTIVE
AMENDMENT NO. 1
to
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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HEALTHSTREAM, INC.
(Exact name of Registrant as Specified in its Charter)
TENNESSEE 62-1443555
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(State or Other Jurisdiction (I.R.S. Employer Identification No.)
of Incorporation or Organization)
209 10TH AVENUE SOUTH, SUITE 450
NASHVILLE, TENNESSEE 37203
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(Address of Principal Executive Offices)
HEALTHSTREAM, INC. 1994 EMPLOYEE STOCK OPTION PLAN
HEALTHSTREAM, INC. 2000 STOCK INCENTIVE PLAN
HEALTHSTREAM, INC. EMPLOYEE STOCK PURCHASE PLAN
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(Full Title of the Plans)
ROBERT H. LAIRD, JR.
209 10TH AVENUE SOUTH, SUITE 450
NASHVILLE, TENNESSEE 37203
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(Name and Address of Agent for Service)
(615) 301-3114
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(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
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PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SECURITIES TO BE REGISTERED AMOUNT TO BE OFFERING PRICE PER AGGREGATE OFFERING AMOUNT OF
REGISTERED(1) SHARE PRICE REGISTRATION FEE
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1994 EMPLOYEE STOCK OPTION PLAN
Common Stock, no par value 3,887,267 shares $ 4.68(2) $ 18,184,489 $ 4,801
Common Stock, no par value 2,284 shares $ 7.00(3) $ 15,988 $ 5
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2000 STOCK INCENTIVE PLAN
Common Stock, no par value 60,000 shares $ 9.00(2) $ 540,000 $ 143
Common Stock, no par value 4,940,000 shares $ 7.00(3) $ 34,580,000 $ 9,130
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EMPLOYEE STOCK PURCHASE PLAN
Common Stock, no par value 0 shares $ 0(2) $ 0 $ 0
Common Stock, no par value 1,000,000 shares $ 7.00(3) $ 7,000,000 $ 1,848
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(1) This Registration Statement shall also cover any additional shares of
Common Stock which become issuable under either of the Plans being
registered pursuant to this Registration Statement by reason of any
stock dividend, stock split, recapitalization or any other similar
transaction effected without the receipt of consideration which results
in an increase in the number of the Registrant's outstanding shares of
Common Stock.
(2) The offering price is estimated solely for the purpose of calculating
the amount of the registration fee in accordance with Rule 457(h) under
the Securities Act. The computation is based on the weighted average
per share exercise price (rounded to the nearest cent) of outstanding
options under the referenced plan, the shares issuable under which are
registered hereby.
(3) The offering price is estimated solely for the purpose of calculating
the amount of the registration fee in accordance with Rule 457(h) under
the Securities Act. The computation with respect to unissued options is
based on the average of the high and low prices of the Registrant's
Common Stock as reported on The Nasdaq National Market on May 17, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Nashville, State of Tennessee, on this 23rd day of
May, 2000.
HealthStream, Inc.
By: /s/ Robert A. Frist, Jr.
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Robert A. Frist Jr.
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature Title Date
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/s/ Robert A. Frist, Jr. Chief Executive Officer and May 23, 2000
- ------------------------------------ Chairman (Principal Executive
Robert A. Frist Jr. Officer)
* President and Director May 23, 2000
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Jeffrey L. McLaren
* Chief Financial Officer and May 23, 2000
- ------------------------------------ Senior Vice President (Principal
Arthur E. Newman Financial and Accounting Officer)
* Director May 23, 2000
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Charles N. Martin, Jr.
* Director May 23, 2000
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Thompson S. Dent
* Director May 23, 2000
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M. Fazle Husain
* Director May 23, 2000
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John H. Dayani, Sr., Ph.D
Director
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James F. Daniell, M.D.
* Director May 23, 2000
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William Stead, M.D.
By: /s/ Robert A. Frist, Jr.
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Robert A. Frist, Jr.
Attorney-in-Fact
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EXHIBIT INDEX
Exhibit Number Description
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4.1 Form of certificate representing the common stock, no par
value per share of HealthStream, Inc. - Incorporated by
reference to Registration Statement on Form S-1 (File No.
333-88939).
4.2 Article 7 of the Fourth Amended and Restated Charter -
Incorporated by reference to Registration Statement on Form
S-1 (File No. 333-88939).
4.3 Article II of the Amended and Restated Bylaws - Incorporated
by reference to Registration Statement on Form S-1 (File No.
333-88939).
4.4 Amended and Restated Investors' Rights Agreement, dated March
14, 2000, between HealthStream, Inc. and some of its
shareholders - Incorporated by reference to Registration
Statement on Form S-1 (File No. 333-88939).
5.1 Opinion of Bass, Berry & Sims PLC
23.1 Consent of Ernst & Young LLP. Incorporated by reference to
Registration Statement on Form S-8 (File No. 333-37440)
23.2 Consent of Bass, Berry & Sims PLC (included in opinion filed
as Exhibit 5.1)
24.1 Power of Attorney (included on Page II-5)
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EXHIBIT 5.1
B A S S, B E R R Y & S I M S P L C
A PROFESSIONAL LIMITED LIABILITY COMPANY
ATTORNEYS AT LAW
315 DEADERICK STREET, SUITE 2700
NASHVILLE, TENNESSEE 37238-0002
(615) 742-6200
www.bassberry.com
KNOXVILLE OFFICE: MEMPHIS OFFICE:
1700 RIVERVIEW TOWER THE TOWER AT PEABODY PLACE
KNOXVILLE, TN 37901-1509 100 PEABODY PLACE, SUITE 950
(423) 521-6200 MEMPHIS, TN 38103-2625
(901) 543-5900
May 23, 2000
HealthStream, Inc.
209 10th Avenue, Suite 450
Nashville, Tennessee 37203
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as your counsel in the preparation of the Registration
Statement on Form S-8 (the "Registration Statement") relating to the Company's
1994 Employee Stock Option Plan, 2000 Stock Incentive Plan and Employee Stock
Purchase Plan (the "Plans") filed by you with the Securities and Exchange
Commission relating to an aggregate of 9,889,551 shares (the "Shares") of common
stock, no par value per share, issuable pursuant to the Plans.
In so acting we have examined and relied upon such records, documents
and other instruments as in our judgment are necessary or appropriate in order
to express the opinions hereinafter set forth and have assumed the genuineness
of all signatures, the authenticity of all documents submitted to us as
originals, and the conformity to original documents of all documents submitted
to us as certified or photostatic copies.
Based on the foregoing, we are of the opinion that the Shares, when
issued pursuant to and in accordance with the Plans, will be validly issued,
fully paid and nonassessable.
We hereby consent to the use of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Bass, Berry & Sims PLC
