SEC Form 4 · accession 0001214659-17-001163
OCLARO, INC. · OCLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pete J Mangan
Officer — Chief Financial Officer
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 7:48 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 | 45,000 | $2.55 | A | 481,332 | D | |
| Common Stock | Feb 10, 2017 | M | 12,000 | $2.56 | A | 493,332 | D | |
| Common StockF3 | Feb 10, 2017 | S | 133,363 | $9.2186 | D | 359,969 | D | |
| Common Stock | Feb 10, 2017 | F | 14,479 | $9.49 | D | 345,490 | 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,F5 | $2.55 | Feb 10, 2017 | M | 45,000 | D | — | Jan 14, 2024 | Common Stock | 45,000 | 15,000 | D |
| Stock Option (Right to Buy)F1,F6 | $2.56 | Feb 10, 2017 | M | 12,000 | D | — | Jun 11, 2022 | Common Stock | 12,000 | 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 $9.125 to $9.52. 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.
- F4Withholding of 14,479 shares to satisfy tax obligations arising in connection with the non-reportable vesting of equity awards.
- F5Options vest and become exercisable (a) with respect to 25% of the shares subject to the Option on the first anniversary of January 14, 2014 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.
- F6Options vest and become exercisable (a) with respect to 25% of the shares subject to the Option on the first anniversary of June 11, 2012 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.