SEC Form 4 · accession 0001214659-17-005117
OCLARO, INC. · OCLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Fernicola
Officer — Chief Accounting Officer
Period of report
Aug 10, 2017
Accepted (ET)
Aug 14, 2017 · 7:22 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 | Aug 10, 2017 | A | 25,000 | $0.00 | A | 106,225 | D | |
| Common Stock | Aug 10, 2017 | F | 7,751 | $8.32 | D | 98,474 | D | |
| Common StockF4 | Aug 14, 2017 | S | 12,869 | $8.6173 | D | 85,605 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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.
- F2Withholding of 7,751 shares to satisfy tax obligations arising in connection with the non-reportable vesting of equity awards.
- F3Sale subject to Rule 144. Sale of shares pursuant to a Rule 10b5-1 trading plan.
- F4This transaction was executed in multiple trades at prices ranging from $8.51 to $8.67. 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.