SEC Form 4 · accession 0001214659-17-004844
OCLARO, INC. · OCLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Fernicola
Officer — Principal Accounting Officer
Period of report
Jul 25, 2017
Accepted (ET)
Aug 7, 2017 · 8:22 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 | Jul 25, 2017 | A | 25,000 | $0.00 | A | 81,225 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 10, 2016, the reporting person was awarded performance stock units ("PSUs") covering 25,000 shares of common stock. On July 25, 2017, the Compensation Committee of Oclaro, Inc. determined that the performance criteria had been achieved and the shares subject to the PSUs will begin vesting 25% on August 10, 2017 ("Initial Vesting Date") 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.