X0306 4 2015-05-19 0 0000704415 HEALTHWAYS, INC HWAY 0001617770 Michela Matthew A. 701 COOL SPRINGS BLVD FRANKLIN TN 37067 0 1 0 0 Chief Operating Officer Common Stock 2015-05-19 4 A 0 18610 0 A 59025 D Common Stock 259 I Held in 401(k) Plan Reflects restricted stock units that vest on 5/19/2016. /s/ Alfred Lumsdaine, by power of attorney for Matthew A. Michela 2015-05-20