SEC Form 4 · accession 0001214659-17-001162
OCLARO, INC. · OCLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yves Le Maitre
Officer — Pres., Optical Connect. Bus.
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 7:47 pm EST
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 | Feb 10, 2017 | M | 20,000 | $4.33 | A | 426,468 | D | |
| Common Stock | Feb 10, 2017 | M | 25,876 | $3.50 | A | 452,344 | D | |
| Common Stock | Feb 10, 2017 | M | 7,876 | $3.10 | A | 460,220 | D | |
| Common StockF3 | Feb 10, 2017 | S | 178,723 | $9.2768 | D | 281,497 | D | |
| Common StockF4 | Feb 10, 2017 | S | 82,156 | $9.2496 | D | 199,341 | D | |
| Common Stock | Feb 10, 2017 | F | 11,544 | $9.49 | D | 187,797 | D |
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 Buy)F1,F6 | $4.33 | Feb 10, 2017 | M | 20,000 | D | — | Aug 15, 2021 | Common Stock | 20,000 | 0 | D |
| Stock Options (Right to Buy)F1,F7 | $3.50 | Feb 10, 2017 | M | 25,876 | D | — | Aug 15, 2019 | Common Stock | 25,876 | 0 | D |
| Stock Options (Right to Buy)F1,F8 | $3.10 | Feb 10, 2017 | M | 7,876 | D | — | May 13, 2019 | Common Stock | 7,876 | 0 | D |
Explanation of responses
- F1Exercise of Derivative Security.
- F2Sale subject to Rule 144.
- F3This transaction was executed in multiple trades at prices ranging from $9.20 to $9.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $9.16 to $9.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5Withholding of 11,544 shares to satisfy tax obligations arising in connection with the non-reportable vesting of equity awards.
- F6Options vest and become exercisable (a) with respect to 25% of the shares subject to the Option on the first anniversary of August 15, 2011 and (b) with respect to the remaining shares 2.083% of the shares subject to the Option should vest following each month of continuous service thereafter, for the following three years.
- F7Options vest and become exercisable (a) with respect to 25% of the shares subject to the Option on the first anniversary of August 15, 2009 and (b) with respect to the remaining shares 2.083% of the shares subject to the Option should vest following each month of continuous service thereafter, for the following three years.
- F8Options vest and become exercisable (a) with respect to 25% of the shares subject to the Option on the first anniversary of May 13, 2009 and (b) with respect to the remaining shares 2.083% of the shares subject to the Option should vest following each month of continuous service thereafter, for the following three years.