SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sousa Michael

(Last)

(First)

(Middle)

209 10TH AVE. SOUTH

SUITE 450

(Street)

NASHVILLE

37203

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/23/2010

3. Issuer Name and Ticker or Trading Symbol
HEALTHSTREAM INC [ HSTM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,725	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	11/01/2005	11/01/2012	Common Stock	8,750	$2.03	D
Employee Stock Option (right to buy)	11/01/2006	11/01/2012	Common Stock	8,750	$2.03	D
Employee Stock Option (right to buy)	11/01/2007	11/01/2012	Common Stock	8,750	$2.03	D
Employee Stock Option (right to buy)	11/01/2008	11/01/2012	Common Stock	8,750	$2.03	D
Employee Stock Option (right to buy)	02/25/2006	02/25/2013	Common Stock	1,250	$3.18	D
Employee Stock Option (right to buy)	02/25/2007	02/25/2013	Common Stock	1,250	$3.18	D
Employee Stock Option (right to buy)	02/25/2008	02/25/2013	Common Stock	1,250	$3.18	D
Employee Stock Option (right to buy)	02/25/2009	02/25/2013	Common Stock	1,250	$3.18	D
Employee Stock Option (right to buy)	02/09/2007	02/09/2014	Common Stock	5,000	$2.75	D
Employee Stock Option (right to buy)	02/09/2008	02/09/2014	Common Stock	5,000	$2.75	D
Employee Stock Option (right to buy)	02/09/2009	02/09/2014	Common Stock	5,000	$2.75	D
Employee Stock Option (right to buy)	02/09/2010	02/09/2014	Common Stock	5,000	$2.75	D
Employee Stock Option (right to buy)	03/07/2008	03/07/2015	Common Stock	4,000	$3.75	D
Employee Stock Option (right to buy)	03/07/2009	03/07/2015	Common Stock	4,000	$3.75	D
Employee Stock Option (right to buy)	03/07/2010	03/07/2015	Common Stock	4,000	$3.75	D
Employee Stock Option (right to buy)	03/07/2011	03/07/2015	Common Stock	4,000	$3.75	D
Employee Stock Option (right to buy)	04/04/2009	04/04/2016	Common Stock	1,200	$2.8	D
Employee Stock Option (right to buy)	04/04/2010	04/04/2016	Common Stock	2,400	$2.8	D
Employee Stock Option (right to buy)	04/04/2011	04/04/2016	Common Stock	3,600	$2.8	D
Employee Stock Option (right to buy)	04/04/2012	04/04/2016	Common Stock	4,800	$2.8	D
Employee Stock Option (right to buy)	02/12/2010	02/12/2017	Common Stock	1,000	$2.01	D
Employee Stock Option (right to buy)	02/12/2011	02/12/2017	Common Stock	2,000	$2.01	D
Employee Stock Option (right to buy)	02/12/2012	02/12/2017	Common Stock	3,000	$2.01	D
Employee Stock Option (right to buy)	02/12/2013	02/12/2017	Common Stock	4,000	$2.01	D
Employee Stock Option (right to buy)	02/11/2011	02/11/2018	Common Stock	5,000	$3.58	D
Employee Stock Option (right to buy)	02/11/2012	02/11/2018	Common Stock	10,000	$3.58	D
Employee Stock Option (right to buy)	02/11/2013	02/11/2018	Common Stock	15,000	$3.58	D
Employee Stock Option (right to buy)	02/11/2014	02/11/2018	Common Stock	20,000	$3.58	D

Explanation of Responses:

Remarks:

	Michael Sousa	02/26/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.