SEC Form 4 · accession 0001209191-16-113408
DASAN ZHONE SOLUTIONS INC · DZSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Norrod
Officer — President & CEO
Period of report
Mar 31, 2016
Accepted (ET)
Apr 6, 2016 · 3:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101680
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to purchase)F1 | $3.70 | Mar 31, 2016 | D | 1,250,000 | D | — | Jul 21, 2021 | Common Stock | 1,250,000 | 0 | D |
Explanation of responses
- F1The option vests as to 25% of the number of shares subject to the option on July 17, 2015, and 1/48th of the number of shares subject to the option on each monthly anniversary thereafter, subject to Mr. Norrod's continued employment through each such vesting date.