SEC Form 4 · accession 0001214659-16-013185
OCLARO, INC. · OCLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg Dougherty
Officer — Chief Executive Officer
Period of report
Oct 29, 2015
Accepted (ET)
Aug 12, 2016 · 9:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001110647
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 29, 2015 | A | 225,000 | $0.00 | A | 1,212,365 | D | |
| Common Stock | Aug 10, 2016 | F | 69,714 | $6.22 | D | 1,142,651 | D | |
| Common Stock | Aug 10, 2016 | A | 187,500 | $0.00 | A | 1,330,151 | D | |
| Common Stock | Aug 11, 2016 | F | 21,742 | $6.20 | D | 1,308,409 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 10, 2015, the reporting person was awarded performance stock units ("PSUs") covering 225,000 shares of common stock. The performance criteria have been achieved and the shares subject to the PSUs began vesting on August 10, 2016.
- F2Withholding of 69,714 shares to satisfy tax obligations arising in connection with the non-reportable vesting of equity awards.
- F3Represents a grant of restricted stock units, which vests 25% on the one year anniversary of the date of grant and 6.25% every February 10th, May 10th, August 10th and November 10th following the Initial Vesting Date over the three years of continuous service thereafter.
- F4Withholding of 21,742 shares to satisfy tax obligations arising in connection with the non-reportable vesting of equity awards.