Edgar Filing: SCHAEPE CHRISTOPHER J

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SCHAEPE CHRISTOPHER J

2. Issuer Name and Ticker or Trading Symbol
eHealth, Inc. [EHTH]

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

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2008

(Street)

MENLO PARK, CA 94025

4. If Amendment, Date 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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/14/2008		S		906	D	$ 22.18	632,051	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		412	D	$ 22.2	631,639	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		83	D	$ 22.21	631,556	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		83	D	$ 22.22	631,473	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		213	D	$ 22.23	631,260	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		165	D	$ 22.24	631,095	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		330	D	$ 22.25	630,765	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.26	630,683	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		494	D	$ 22.27	630,189	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3077	630,107	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		824	D	$ 22.31	629,283	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3151	629,201	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		247	D	$ 22.32	628,954	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3288	628,872	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		412	D	$ 22.33	628,460	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3326	628,378	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3348	628,296	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		165	D	$ 22.336	628,131	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		165	D	$ 22.3383	627,966	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.34	627,884	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3442	627,802	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		165	D	$ 22.345	627,637	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		577	D	$ 22.35	627,060	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		165	D	$ 22.3555	626,895	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3585	626,813	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3589	626,731	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		742	D	$ 22.36	625,989	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		659	D	$ 22.37	625,330	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		82	D	$ 22.3769	625,248	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾
Common Stock	03/14/2008		S		494	D	$ 22.38	624,754	I	Held by Weiss, Peck & Greer Venture Associates V, LLC ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SCHAEPE CHRISTOPHER J C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK, CA 94025	X

Signatures

/s/ Christopher J. Schaepe		03/17/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	Shares are held by Weiss, Peck & Greer Venture Associates V, LLC ("WPGVA V"). Mr. Schaepe is a managing member of WPG VC Fund Adviser II, LLC, which is the fund investment advisory member of WPGVA V. Mr. Schaepe disclaims beneficial ownership of any of the shares held by WPGVA V, except to the extent of his pecuniary interest therein.
Remarks: This is the second of nine Forms 4 filed by the Reporting Person on this date to report transactions occurring on March 13, 2008 and March 14, 2008 because there are multiple transactions.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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