SEC Form 4 · accession 0001140361-16-076286
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aysegul Ildeniz
Officer — Chief Operating Officer
Period of report
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 8:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180079
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $13.42 | Aug 10, 2016 | A | 120,000 | A | — | Aug 9, 2026 | Common Stock | 120,000 | 120,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Aug 10, 2016 | A | 80,000 | A | — | — | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1The stock option vests and becomes exercisable as to 1/4th of the total number of shares on August 10, 2017, and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F325% of the RSUs vest on August 10, 2017 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on November 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.