SEC Form 4 · accession 0001140361-16-069002
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
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 7:34 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 | Jun 3, 2016 | M | 25,936 | $1.10 | A | 134,117 | D | |
| Common StockF2,F3 | Jun 3, 2016 | S | 25,936 | $13.0921 | D | 108,181 | D | |
| Common StockF2,F4 | Jun 6, 2016 | S | 14,675 | $13.3878 | D | 93,506 | D | |
| Common Stock | Jun 6, 2016 | M | 33,606 | $1.10 | A | 127,112 | D | |
| Common StockF2,F5 | Jun 6, 2016 | S | 33,606 | $13.5344 | D | 93,506 | D | |
| Common StockF2,F6 | Jun 7, 2016 | S | 70,325 | $13.1811 | D | 23,181 | D | |
| Common StockF7 | holding | — | — | — | 81,408 | I | Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009 | |
| 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 | Jun 3, 2016 | M | 25,936 | D | — | May 31, 2017 | Common Stock | 25,936 | 33,606 | D |
| Employee Stock Option (right to buy)F9 | $1.10 | Jun 6, 2016 | M | 33,606 | D | — | May 31, 2017 | Common Stock | 33,606 | 0 | 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 $13.32 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 $13.01 to $13.62 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 $13.01 to $13.675 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 $13.00 to $13.44 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 the Reporting Person's child is the beneficiary of the trust.
- F9The stock option grant has fully vested and is immediately exercisable.