SEC Form 4 · accession 0001140361-16-068342
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 31, 2016
Accepted (ET)
Jun 2, 2016 · 6:06 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 31, 2016 | M | 21,552 | $1.10 | A | 129,733 | D | |
| Common StockF2,F3 | May 31, 2016 | S | 21,552 | $13.0759 | D | 108,181 | D | |
| Common StockF2,F3,F5 | May 31, 2016 | S | 19,456 | $13.0806 | D | 82,920 | I | Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009 |
| Common Stock | Jun 1, 2016 | M | 11,192 | $1.10 | A | 119,373 | D | |
| Common StockF2,F3 | Jun 1, 2016 | S | 11,192 | $13.0485 | D | 108,181 | D | |
| Common StockF5 | Jun 1, 2016 | S | 1,512 | $13.00 | D | 81,408 | I | Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009 |
| Common Stock | Jun 2, 2016 | M | 12,452 | $1.10 | A | 120,633 | D | |
| Common StockF2,F4 | Jun 2, 2016 | S | 12,452 | $13.1992 | D | 108,181 | D | |
| Common StockF6 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child A | |
| Common StockF6 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child B | |
| Common StockF6 | holding | — | — | — | 19,062 | I | Held in Trust on Behalf of Reporting Person's Child C | |
| Common StockF6 | 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)F7 | $1.10 | May 31, 2016 | M | 21,552 | D | — | May 31, 2017 | Common Stock | 21,552 | 83,186 | D |
| Employee Stock Option (right to buy)F7 | $1.10 | Jun 1, 2016 | M | 11,192 | D | — | May 31, 2017 | Common Stock | 11,192 | 71,994 | D |
| Employee Stock Option (right to buy)F7 | $1.10 | Jun 2, 2016 | M | 12,452 | D | — | May 31, 2017 | Common Stock | 12,452 | 59,542 | 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 $13.00 to $13.17 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 $13.31 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.
- F5Reporting Person is the Co-Trustee.
- F6Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
- F7The stock option grant has fully vested and is immediately exercisable.