SEC Form 4 · accession 0000899243-17-002845
NETSCOUT SYSTEMS INC · NTCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Downing
Officer — See Remarks
Period of report
Feb 3, 2017
Accepted (ET)
Feb 6, 2017 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001078075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 3, 2017 | F | 19 | $32.60 | D | 114,215 | D | |
| Common StockF4 | Feb 3, 2017 | S | 1,000 | $32.99 | D | 113,215 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the delivery of shares pursuant to Restricted Stock Units which vested on 12/11/2016 and which shares of Common Stock were delivered to the reporting person on 2/3/2017.
- F2Represents the closing price of the Company's Common Stock on February 2, 2017.
- F3The shares of Common Stock were sold pursuant to a 10b5-1 plan.
- F4The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share; the actual sales price per share ranged from $32.65 to $33.25. The reporting person undertakes to provide to NetScout Systems, Inc., any security holder of NetScout Systems, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
Remarks
EVP, Worldwide Sales Operations