SEC Form 4 · accession 0001583995-15-000004
Sonus, Inc. · SONS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Polizzi
Officer — VP, Global Services
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 5:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001105472
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 24, 2015 | S | 452 | $16.903 | D | 23,496 | D | |
| Common Stock | Feb 25, 2015 | M | 5,625 | $12.00 | A | 29,121 | D | |
| Common Stock | Feb 25, 2015 | M | 792 | $14.45 | A | 29,913 | D | |
| Common Stock | Feb 25, 2015 | M | 4,792 | $12.55 | A | 34,705 | D | |
| Common Stock | Feb 25, 2015 | M | 8,333 | $16.50 | A | 43,038 | D | |
| Common Stock | Feb 25, 2015 | S | 16,429 | $17.00 | D | 26,609 | D | |
| Common Stock | Feb 25, 2015 | S | 2,913 | $17.01 | D | 23,696 | D | |
| Common Stock | Feb 25, 2015 | S | 200 | $17.02 | D | 23,496 | 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)F1,F2 | $12.00 | Feb 25, 2015 | M | 5,625 | D | — | Dec 15, 2021 | Common Stock | 5,625 | 3,125 | D |
| Stock Option (right to buy)F1,F3 | $14.45 | Feb 25, 2015 | M | 792 | D | — | Mar 15, 2022 | Common Stock | 792 | 542 | D |
| Stock Option (right to buy)F1,F4 | $12.55 | Feb 25, 2015 | M | 4,792 | D | — | Mar 15, 2023 | Common Stock | 4,792 | 5,208 | D |
| Stock Option (right to buy)F1,F5 | $16.50 | Feb 25, 2015 | M | 8,333 | D | — | Jun 17, 2023 | Common Stock | 8,333 | 11,667 | D |
Explanation of responses
- F1Adjusted to reflect the 1-for-5 reverse stock split of the Common Stock of the Issuer that was made effective on the NASDAQ Global Select Market as of the commencement of trading on January 30, 2015.
- F225% of the shares underlying this option vested on November 30, 2012. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through November 30, 2015.
- F325% of the shares underlying this option vested on March 15, 2013. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through March 15, 2016.
- F425% of the shares underlying this option vested on March 15, 2014. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through March 15, 2017.
- F525% of the shares underlying this option vested on June 17, 2014. The remaining 75% of the shares underlying this option then vests in equal monthly increments for the following 36 months through June 17, 2017.