SEC Form 4 · accession 0001140361-15-022397
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas H Werner
Director
Period of report
May 27, 2015
Accepted (ET)
May 29, 2015 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180079
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 27, 2015 | M | 16,366 | $0.00 | A | 35,431 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | May 27, 2015 | M | 16,366 | D | — | — | Common Stock | 16,366 | 0 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | May 27, 2015 | A | 19,728 | A | — | — | Common Stock | 19,728 | 19,728 | D |
Explanation of responses
- F1Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on June 6, 2014, the grant of which was previously reported on a Form 4 by the Reporting Person.
- F2Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F3The RSUs vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2015 Annual Meeting of Stockholders or (ii) June 6, 2015.
- F4The RSUs vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2016 Annual Meeting of Stockholders or (ii) May 27, 2016. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.