SEC Form 4 · accession 0001094739-16-000151
FINISAR CORP · FNSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Young
Officer — EVP Global Operations
Period of report
Jun 21, 2016
Accepted (ET)
Jun 23, 2016 · 4:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 21, 2016 | M | 2,500 | $3.36 | A | 194,404 | D | |
| Common StockF2 | Jun 21, 2016 | S | 2,500 | $18.4981 | D | 191,904 | D | |
| Common Stock | Jun 21, 2016 | F | 4,947 | $18.59 | D | 186,957 | D | |
| Common Stock | Jun 21, 2016 | A | 80,689 | $0.00 | A | 267,646 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $3.36 | Jun 21, 2016 | M | 2,500 | D | Aug 12, 2009 | Dec 12, 2018 | Common Stock | 2,500 | 20,500 | D |
Explanation of responses
- F1Shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan adopted by the reporting person on January 6, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $18.69 inclusive. The reporting person undertakes to provide to Finisar Corporation, any security holder of Finisar Corporation, 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 ranges set forth in this footnote to this Form 4.
- F3On June 21, 2016, the Reporting Person vested in 9,480 restricted stock units ("RSUs") and as a result acquired 9,480 shares of common stock of the Issuer pursuant to the Reporting Person's June 23, 2015 grant of RSUs. This Form 4 reports shares withheld by the Issuer pursuant to the RSUs' grant agreement in order to satisfy the Reporting Person's withholding obligations for various taxes due upon the vesting of the RSUs. No shares were sold by the Reporting Person. The Issuer will pay the taxes on behalf of the Reporting Person.
- F4These shares represent restricted stock units granted to the Reporting Person and shall vest in four equal annual installments beginning on June 19, 2017.