SEC Form 4 · accession 0001140361-17-009252
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric P. Dresselhuys
Officer — Co-Founder & EVP, Global Dev.
Period of report
Feb 23, 2017
Accepted (ET)
Feb 24, 2017 · 8:32 pm EST
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 StockF2 | Feb 23, 2017 | M | 13,725 | $3.60 | A | 90,000 | D | |
| Common Stock | Feb 23, 2017 | M | 15,033 | $1.10 | A | 105,033 | D | |
| Common StockF3,F4 | Feb 23, 2017 | S | 28,658 | $11.8068 | D | 76,375 | D | |
| Common Stock | Feb 23, 2017 | S | 212 | $12.51 | D | 76,163 | 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)F5 | $3.60 | Feb 23, 2017 | M | 13,725 | D | — | Dec 22, 2018 | Common Stock | 13,725 | 1 | D |
| Employee Stock Option (Right to Buy)F5 | $1.10 | Feb 23, 2017 | M | 15,033 | D | — | Dec 13, 2017 | Common Stock | 15,033 | 32,467 | 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 August 31, 2016.
- F2Includes shares acquired by the Reporting Person under the Issuer's employee stock purchase plan on February 14, 2017.
- F3Represents the aggregate of sales effected on the same day at different prices.
- F4Represents the weighted average sales price per share. The shares were sold at prices ranging from $11.50 to $12.41 per share. Full information regarding the number of shares sold/purchased 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.
- F5The stock option grant has fully vested and is immediately exercisable.