SEC Form 4 · accession 0001140361-16-067936
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A. Lang
Officer — Board Chair; ExecutiveChairman · Director
Period of report
May 26, 2016
Accepted (ET)
May 31, 2016 · 6:43 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 26, 2016 | M | 12,192 | $1.10 | A | 125,373 | D | |
| Common StockF2,F3 | May 26, 2016 | S | 6,930 | $12.9402 | D | 118,443 | D | |
| Common StockF2,F4 | May 26, 2016 | S | 5,262 | $13.0805 | D | 113,181 | D | |
| Common StockF2,F5 | May 26, 2016 | S | 5,000 | $12.8338 | D | 108,181 | D | |
| Common StockF2,F6,F7 | May 26, 2016 | S | 5,000 | $12.9728 | D | 106,408 | I | Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009 |
| Common StockF2,F4,F7 | May 26, 2016 | S | 4,032 | $13.086 | D | 102,376 | I | Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009 |
| Common Stock | May 27, 2016 | M | 3,545 | $1.10 | A | 111,726 | D | |
| Common Stock | May 27, 2016 | S | 3,545 | $12.80 | D | 108,181 | D | |
| Common StockF8 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child A | |
| Common StockF8 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child B | |
| Common StockF8 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child C | |
| Common StockF8 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F9 | $1.10 | May 26, 2016 | M | 12,192 | D | — | May 31, 2017 | Common Stock | 12,192 | 108,283 | D |
| Employee Stock Option (right to buy)F9 | $1.10 | May 27, 2016 | M | 3,545 | D | — | May 31, 2017 | Common Stock | 3,545 | 104,738 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 26, 2016.
- F2Represents the aggregate of sales effected on the same day at different prices.
- F3Represents the weighted average sales price per share. The shares were sold at prices ranging from $12.79 to $13.11 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4Represents the weighted average sales price per share. The shares were sold at prices ranging from $13.00 to $13.30 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F5Represents the weighted average sales price per share. The shares were sold at prices ranging from $12.78 to $12.85 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F6Represents the weighted average sales price per share. The shares were sold at prices ranging from $12.91 to $13.11 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F7Reporting Person is the Co-Trustee.
- F8Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
- F9The stock option grant has fully vested and is immediately exercisable.