SEC Form 4 · accession 0001209191-16-141063
DASAN ZHONE SOLUTIONS INC · DZSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Richard Kramlich
Director
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 12:09 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2,F3 | — | Sep 9, 2016 | A | 15,000 | A | — | — | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of DASAN Zhone Solutions, Inc. common stock.
- F2The restricted stock units vest in four (4) equal annual installments over the course of four years.
- F3Until vested the restricted stock units are subject to forfeiture in the event of termination of the directorship with DASAN Zhone Solutions, Inc.